Advertisements



AZRE Stock Crowded With Sellers

Energy Stock Channel.....»»

Category: topSource: redinewsMay 1st, 2021

UDR (UDR) is a Great Momentum Stock: Should You Buy?

Does UDR (UDR) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at UDR (UDR), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. UDR currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if UDR is a promising momentum pick, let's examine some Momentum Style elements to see if this real estate investment trust holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For UDR, shares are up 0.82% over the past week while the Zacks REIT and Equity Trust - Residential industry is down 1.06% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.28% compares favorably with the industry's 0.06% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of UDR have increased 7.78% over the past quarter, and have gained 62.31% in the last year. In comparison, the S&P 500 has only moved 3.39% and 34.28%, respectively.Investors should also pay attention to UDR's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. UDR is currently averaging 1,978,405 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with UDR.Over the past two months, 6 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost UDR's consensus estimate, increasing from $1.95 to $2.00 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that UDR is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep UDR on your short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

What Makes Nutrien (NTR) a Strong Momentum Stock: Buy Now?

Does Nutrien (NTR) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Nutrien (NTR), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Nutrien currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if NTR is a promising momentum pick, let's examine some Momentum Style elements to see if this producer of potash and other fertilizers holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For NTR, shares are up 1.68% over the past week while the Zacks Fertilizers industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.32% compares favorably with the industry's 0.2% performance as well.Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Nutrien have risen 4.86%, and are up 53.66% in the last year. On the other hand, the S&P 500 has only moved 3.39% and 34.28%, respectively.Investors should also pay attention to NTR's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. NTR is currently averaging 1,240,654 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with NTR.Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost NTR's consensus estimate, increasing from $3.84 to $4.80 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that NTR is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Nutrien on your short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Nutrien Ltd. (NTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

Are You Looking for a Top Momentum Pick? Why First Cash Financial Services (FCFS) is a Great Choice

Does First Cash Financial Services (FCFS) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at First Cash Financial Services (FCFS), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. First Cash Financial Services currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if FCFS is a promising momentum pick, let's examine some Momentum Style elements to see if this pawn store holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For FCFS, shares are up 0.89% over the past week while the Zacks Financial - Consumer Loans industry is up 0.09% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 3.49% compares favorably with the industry's 0.18% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of First Cash Financial Services have increased 13.65% over the past quarter, and have gained 49.06% in the last year. On the other hand, the S&P 500 has only moved 3.39% and 34.28%, respectively.Investors should also take note of FCFS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, FCFS is averaging 162,029 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FCFS.Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FCFS's consensus estimate, increasing from $3.04 to $3.29 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that FCFS is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep First Cash Financial Services on your short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 First Cash, Inc. (FCFS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 22nd, 2021

Amazon (AMZN) Begins Operations at North Dakota Facility

Amazon (AMZN) bolsters delivery capacity with the new fulfillment center located at Fargo, ND. Amazon AMZN has commenced operations at its new fulfillment center, which is based in Fargo, ND, in order to meet the growing online demand.The new facility is marked as the first such establishment of Amazon in the state of North Dakota, spanning more than 1 million square feet.The company intends to create well-paid jobs in the particular state on the back of the fulfillment center under review.Amazon will offer wages starting at $15 an hour, including comprehensive benefits and parental paid leave of up to 20 weeks.The new facility is being leveraged to pick, pack and ship large-sized heavy customer items such as outdoor equipment, patio furniture, and rugs.On the back of the latest move, the company strives to fasten its delivery speed across North Dakota, Minnesota and South Dakota.Amazon.com, Inc. Price and Consensus  Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. QuoteGrowing Investments in North DakotaThe world’s largest online retailer has been strengthening presence in Louisiana since 2010.Apart from the new fulfillment center, the company operates a delivery station in West Fargo, which was Amazon’s first investment in this state.The company’s investment in the state has exceeded $200 million since then. It includes investment in infrastructure and compensation to employees.Amazon has helped more than 2,000 small and medium sellers and independent authors in growing their businesses.To ConcludeIn our view, Amazon must maintain its U.S. market share, while expanding globally to retain its dominant position in the e-commerce market. To this end, the company needs to continue investing more in fulfillment centers as the giant warehouses help online retailers store and ship products, and handle returns quickly.Moreover, strengthening the delivery system remains crucial for the online retail giant in the fast-paced world.These are important for providing the standard of service that customers have started expecting from Amazon.Hence, delivering an enhanced shopping experience to customers via quick delivery services will aid Amazon to sustain its dominance in the e-commerce market.However, intensifying market competition due to the growing online retail and fast delivery efforts of retailers like Walmart WMT, Target TGT and Kroger KR remains risky.Escalating expenditure related to fulfillment remains another major concern for Amazon. Notably, the company’s cost of fulfillment increased 27.8% year over year to $17.6 billion in second-quarter 2021.Currently, Amazon carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report The Kroger Co. (KR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

September"s Weak History Turning True: 5 ETF Buying Zones

Given the myriad of woes, investors should stash their cash in some safe investing zones. September is once again proving to be a tough month for Wall Street with the major three indices in red within three weeks into the month. This suggests that historical trends may prove true this year. Concerns over accelerating coronavirus infections, Fed’s tapering talks, renewed inflation fears, signs of a slowdown in China and a potential high corporate tax rates have taken a toll on stock markets.Ongoing debates over the debt limit in Washington as well as the potential collapse of property developer China Evergrande have also led to risk-off trading. The White House warned that a failure by the U.S. Congress to extend the debt limit could push the economy into a recession and lead the country to default on its payment obligations. The U.S. House is set to vote this week on the debt ceiling. Meanwhile, China’s real estate juggernaut, which is under a major debt burden, facing a $150 million in bond payments later this week, could default on its payment. This would trigger turmoil across global markets.Additionally, the Q3 earnings trend has also lost momentum with the magnitude of positive revisions to the estimates notably below the comparable periods of the last three earnings seasons (read: September Turns Sour: Top ETF Areas of Last Week).Given the myriad of woes, investors should stash their cash in some safe investing zones. We have highlighted them below and their ETFs:Gold - SPDR Gold Trust ETF GLDGold is viewed as a safe haven in times of economic or political turmoil. Concerns over global economic slowdown have raised the appeal for the bullion as a store of value and hedge against market turmoil. As such, the ultra-popular product tracking this bullion like GLD could be an interesting pick. The fund tracks the price of gold bullion measured in U.S. dollars, and kept in London under the custody of HSBC Bank USA. It is an ultra-popular gold ETF with AUM of $56.3 billion and heavy volume of nearly 7 million shares a day. It charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.Long-Dated Treasury - iShares 20+ Year Treasury Bond ETF TLTThe products tracking the long end of the yield curve often provide a safe haven. TLT provides exposure to long-term Treasury bonds by tracking the ICE U.S. Treasury 20+ Year Bond Index. It holds 31 securities in its basket and charges 15 bps in annual fees. TLT is one of the most popular and liquid ETFs in the bond space with AUM of $17.7 billion and an average daily volume of 15 million shares.Low Volatility - iShares Edge MSCI Min Vol USA ETF USMVThese products have the potential to outpace the broader market providing significant protection to the portfolio. These funds include more stable stocks that have experienced the least price movement. Further, these allocate more to defensive sectors that usually have a higher distribution yield than the broader markets. While there are several options, USMV with AUM of $28.2 billion and an average daily volume of 2.2 million shares is the most popular ETF. The fund offers exposure to stocks that have lower volatility characteristics relative to the broader U.S. equity market. It tracks the MSCI USA Minimum Volatility Index, holding 183 stocks in its basket. The product charges 15 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook (read: Growth Concerns to Drive Demand for Low-Volatility ETFs).Dividend - Vanguard Dividend Appreciation ETF VIGThe dividend-paying securities are the major sources of consistent income for investors when returns from the equity market are at risk. This is especially true as these stocks offer the best of both these worlds — safety in the form of payouts and stability in the form of mature companies that are less volatile to large swings in stock prices. The companies that offer dividends generally act as a hedge against economic uncertainty and provide downside protection by offering outsized payouts or sizable yields on a regular basis. While the dividend space has been crowded, ETFs with stocks having a strong history of dividend growth like VIG seem to be good picks. It holds 247 stocks in its basket with AUM of $65.8 million. The fund trades in volume of 2 million shares a day on average and charges 6 bps in annual fees. It has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (read: Dividend Aristocrat ETFs Investing Guide).Long/Short - AGFiQ US Market Neutral Anti-Beta Fund BTALThe fund has the potential to generate positive returns regardless of the direction of the stock market as long as low-beta stocks outperform high beta stocks. It invests in low-beta securities and at the same time shorts high-beta stocks of approximately equal dollar amounts within each sector. It seeks to deliver the spread return between low and high-beta stocks. This can easily be done by tracking Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The ETF has AUM of $99.2 million and an expense ratio of 2.19%. It trades in an average daily volume of 37,000 shares. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 iShares 20 Year Treasury Bond ETF (TLT): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares MSCI USA Min Vol Factor ETF (USMV): ETF Research Reports AGFiQ US Market Neutral AntiBeta ETF (BTAL): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

What Makes Euroseas Ltd. (ESEA) a Strong Momentum Stock: Buy Now?

Does Euroseas Ltd. (ESEA) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Euroseas Ltd. (ESEA), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Euroseas Ltd. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if ESEA is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For ESEA, shares are up 17.38% over the past week while the Zacks Transportation - Shipping industry is up 0.42% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 44.83% compares favorably with the industry's 1.04% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Euroseas Ltd. Have increased 39.01% over the past quarter, and have gained 1325.32% in the last year. On the other hand, the S&P 500 has only moved 4.91% and 32.86%, respectively.Investors should also pay attention to ESEA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ESEA is currently averaging 158,110 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with ESEA.Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost ESEA's consensus estimate, increasing from $4.72 to $6.30 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that ESEA is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Euroseas Ltd. On your short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Euroseas Ltd. (ESEA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Square (SQ) Omnichannel Tools to Boost Seller Base in France

Square (SQ) launches omni-channel solutions in France to help small businesses, and large enterprises to seamlessly run and grow their businesses. Square SQ has introduced omni-channel solutions in France in a bid to expand its reach to small businesses and large enterprises in the country.Its integrated suite of business tools comprises various solutions like Square Point of Sale (POS), and payments software and hardware for any kind of business, Square for Restaurants, Square Online, Square Terminal, Square Stand, and Square Reader.With POS and payment solutions, Square provides reliable and secure transaction facilities, and helps business owners to sell their products anywhere as well as manage the customer base.Square for Restaurants offers industry-specific tools and POS for food and beverage merchants in a single platform.Square Online provides a helping hand to businesses across a variety of verticals like full e-Commerce website with social media integrations for retail, easily enabling click-and-collect for local businesses or QR code dining platforms to help diners order as well as pay from their mobile device.Apart from these, Square offers robust business tools such as Online Checkout, Virtual Terminal, Team Management, Kitchen Display System, and others for smooth business operations.Square, Inc. Price and Consensus Square, Inc. price-consensus-chart | Square, Inc. QuoteMove to BenefitWe note that the company’s integrated business tools will help French sellers to save business time and money as well as reduce inefficiencies from multiple systems. This in turn will help them seamlessly run and grow their businesses.This is likely to drive the company’s momentum across the sellers in France. This in turn will strengthen its business in the country.Additionally, the latest move has expanded Square’s global footprint, which will help it in further winning investors’ confidence.It is to be noted that Square has returned 14.9% on a year-to-date basis against the industry’s decline of 6.4%.Image Source: Zacks Investment ResearchGlobal ExpansionIn addition to the latest move, Square recently introduced integrated omni-channel solutions in Ireland to help merchants seamlessly run business operations amid the pandemic.Further, the company rolled out the Early Access Program in Spain, France and Ireland. It offers businesses with an integrated set of omni-channel tools so that they can easily sell their products and services.The company also rolled out Square for Restaurants in Canada in a bid to help restaurant owners run their businesses smoothly amid the coronavirus pandemic.Additionally, it launched Square Invoices Plus in the United States, United Kingdom, Canada, Ireland, Japan and Australia to help businesses organize their invoicing requirements, get faster payments as well as gain more customers.Further, it has made its Kitchen Display Software available to all kinds of restaurants in the United States, United Kingdom, Canada, Australia and Ireland. The Software helps restaurants to keep track of online ordering and delivery partners.Zacks Rank & Stocks to ConsiderCurrently, Square carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader technology sector include Advanced Micro Devices AMD, MACOM Technology Solutions Holdings MTSI and Paycom Software PAYC. While Advanced Micro Devices and MACOM carry a Zacks Rank #2 (Buy), Paycom Software carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rates for Advanced Micro Devices, MACOM, and Paycom Software are currently projected at 44.6%, 39.8%, and 25%, respectively. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report Square, Inc. (SQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Amazon (AMZN) New Fulfilment Centers in India to Create Jobs

Amazon (AMZN) to open new fulfilment centers in India to support 90,000 sellers for catering to the growing customer demand. In a bid to strengthen its presence in India, Amazon AMZN recently made an announcement to open two new fulfilment centers in the country, which will be located in Lucknow, Uttar Pradesh.The new facilities include a fulfilment center, and a specialized center for large equipment and furniture.Amazon already has a fulfilment center in Uttar Pradesh.The three centers have more than 3 million cubic feet of storage capacity for large appliances, consumer electronics, fashion items, smartphones and grocery.With the launch of new centers, Amazon strives to create thousands of direct and indirect work opportunities for locals, and provides a helping hand to more than 90,000 sellers to meet the growing customer demand.The expansion of fulfilment centers in the state represents the company’s plans to expand its pan-India fulfilment storage capacity by 40% for delivering a total storage capacity of 43 million cubic feet to its sellers across the country in 2021.Amazon.com, Inc. Price and Consensus Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. QuoteAmazon’s Growing Investments in IndiaThe recent move is in sync with Amazon’s growing focus on investments and employment generation in the country.This month, it also introduced a fulfilment center in Bengaluru, Karnataka, which happens to be its largest fulfilment center in the country. It will generate employment for the locals and help micro, small & medium enterprises (MSMEs), artisans as well as startups to sell their products.Last month, it expanded its fulfilment network in Telangana with the launch of its fifth fulfilment center in the state. The company has made plans to empower MSMEs and support sellers for catering to the growing customer demand.With these growing infrastructure facilities in the country, Amazon plans to exceed its goal of generating 1 million incremental jobs by 2025. It has already employed 3 lakh people over the past year.Further, it has opened its first ‘Digital Kendra’ in Surat, Gujarat in a bid to encourage MSMEs to adopt digital technologies for selling their products amid the pandemic. The move is part of its commitment of digitizing 10 million MSMEs by 2025.In April, it made an announcement of a $250-million venture fund named Amazon Smbhav Venture Fund for investing in the country’s startups and entrepreneurs focusing on the digitization of small and medium-sized businesses in the key overseas market.Competitive ScenarioWith growing investments in the country, Amazon continues to strengthen its seller ecosystem. It is thereby offering more products on its e-commerce platform and gaining momentum across customers.However, it faces stiff competition from companies like Walmart WMT-owned Flipkart, Reliance Industries’ subsidiary JioMart and Facebook FB, which are also taking strong initiatives to expand seller base in their retail platforms.Recently, Flipkart announced that it has added nearly 75,000 sellers on its platform in the past few months. It is also working toward introducing more than 4.2 lakh sellers and MSMEs by the end of 2021.Last year, Facebook introduced Facebook Shops to help small businesses set up a single online platform, and get discovered by customers on both Facebook and Instagram.Further, JioMart is gaining a strong position in the retail space as it has added 3 lakh merchants and local shopkeepers across 150 cities within a year. The company plans to add another 10 million merchant partners in three years. Further, it is working toward its integration with Facebook’s subsidiary WhatsApp, which remains noteworthy.Zacks Rank & Stock to ConsiderCurrently, Amazon carries a Zacks Rank #4 (Sell).A better-ranked stock in the retail-wholesale sector is Revolve Group RVLV, carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term earnings growth rate for Revolve Group is currently projected at 20.7%. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Revolve Group, Inc. (RVLV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

ServisFirst Bancshares (SFBS) Is Up 2.61% in One Week: What You Should Know

Does ServisFirst Bancshares (SFBS) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at ServisFirst Bancshares (SFBS), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. ServisFirst Bancshares currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if SFBS is a promising momentum pick, let's examine some Momentum Style elements to see if this holding company for ServisFirst Bank holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For SFBS, shares are up 2.61% over the past week while the Zacks Financial - Savings and Loan industry is up 0.34% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.03% compares favorably with the industry's 0% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of ServisFirst Bancshares have risen 7.49%, and are up 112.95% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also pay attention to SFBS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SFBS is currently averaging 137,687 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with SFBS.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SFBS's consensus estimate, increasing from $3.65 to $3.77 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that SFBS is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep ServisFirst Bancshares on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Here"s Why Momentum Investors Will Love Ambarella (AMBA)

Does Ambarella (AMBA) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Ambarella (AMBA), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Ambarella currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if AMBA is a promising momentum pick, let's examine some Momentum Style elements to see if this video-compression chipmaker holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For AMBA, shares are up 1.25% over the past week while the Zacks Electronics - Semiconductors industry is down 0.73% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 57.91% compares favorably with the industry's 9.54% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Ambarella have risen 44.6%, and are up 183.18% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also pay attention to AMBA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AMBA is currently averaging 950,001 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AMBA.Over the past two months, 9 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AMBA's consensus estimate, increasing from $0.95 to $1.47 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that AMBA is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Ambarella on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 Ambarella, Inc. (AMBA): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Are You Looking for a Top Momentum Pick? Why Copart, Inc. (CPRT) is a Great Choice

Does Copart, Inc. (CPRT) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Copart, Inc. (CPRT), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Copart, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CPRT that show why this company shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For CPRT, shares are up 0.5% over the past week while the Zacks Auction and Valuation Services industry is down 1.06% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.84% compares favorably with the industry's 0.25% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Copart, Inc. Have risen 8.01%, and are up 38.87% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also take note of CPRT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CPRT is averaging 1,060,530 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CPRT.Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CPRT's consensus estimate, increasing from $3.87 to $3.97 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that CPRT is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Copart, Inc. On your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

What Makes Penske Automotive (PAG) a Strong Momentum Stock: Buy Now?

Does Penske Automotive (PAG) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Penske Automotive (PAG), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Penske Automotive currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for PAG that show why this auto dealership chain shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For PAG, shares are up 8.12% over the past week while the Zacks Automotive - Retail and Whole Sales industry is up 6.34% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.24% compares favorably with the industry's 2.61% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Penske Automotive have risen 29.03%, and are up 101.48% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also pay attention to PAG's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PAG is currently averaging 358,106 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with PAG.Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PAG's consensus estimate, increasing from $10.27 to $13.37 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that PAG is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Penske Automotive on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Group 1 Automotive (GPI) Is Up 15.25% in One Week: What You Should Know

Does Group 1 Automotive (GPI) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Group 1 Automotive (GPI), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Group 1 Automotive currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for GPI that show why this auto dealer shows promise as a solid momentum pick.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For GPI, shares are up 15.25% over the past week while the Zacks Automotive - Retail and Whole Sales industry is up 6.34% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 14.72% compares favorably with the industry's 2.61% performance as well.Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Group 1 Automotive have increased 15.38% over the past quarter, and have gained 102.68% in the last year. On the other hand, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also take note of GPI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, GPI is averaging 127,022 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with GPI.Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost GPI's consensus estimate, increasing from $24.98 to $33.15 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that GPI is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Group 1 Automotive on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>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 Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Still Waiting for that New S&P High

Still Waiting for that New S&P High The S&P made another attempt at a new high on Thursday, but couldn’t close the deal and ended lower for the second time in the past three days. The index came into this session less than 6 points away from a record close… and momentarily pushed through that mark of 3386.15 from February 19. But the upward momentum didn't last. It finished lower by 0.20% to 3373.43, so there's still only a deficit of about 13 points. The Dow never saw any green on Thursday, though it did come off its lows and finish with a loss of only 0.29% (or around 80 points) to 27,896.72. The S&P and Dow recently had seven-day winning streaks each after going wall-to-wall green in the first week of August, but now they’ve had two losing sessions in the past four days. The NASDAQ, however, advanced 0.27% (or about 30 points) to 11,042.50. Apple (AAPL) and Netflix (NFLX) each gained more than 1% as the stay-home names outperformed the recovery plays.  Apple also set a new record today. Meanwhile, we got some very encouraging news on the jobs front. For the first time in the covid era, jobless claims were under 1 million! That breaks 20 consecutive weeks of being above that disheartening level. The report said 963,000 claims were filed last week, which was significantly better than expectations for 1.1 million. That's the second solid jobs number in the past week. Last Friday, the Government Employment Situation stated that 1.7 million jobs were added in July, which also surpassed forecasts. Despite today’s ho-hum session, the major indices each move into Friday’s session with gains for the week. In fact, the Dow is up by well over 1%. So what do you think happens first? The S&P climbs 13 points from here and reaches a new record, or Congress passes a coronavirus relief package?  OK… dumb question. Today's Portfolio Highlights: Surprise Trader: The portfolio added a name on Thursday that offers exposure to the stay-home economy, as well as China’s burgeoning middle class. Autohome (ATHM) is a Zacks Rank #2 (Buy) online destination for automobile consumers. The company has yet to officially confirm its earnings date, but Dave says it could be anytime now. ATHM heads toward that release with an Earnings ESP of 1.96%. The editor added the stock with a 12% allocation today, while also selling Benefitfocus (BNFT) for a small gain. The complete commentary has more on these moves. By the way, Revolve Group (RVLV) was added just 24 hours ago and it's already the top performer of the day. The e-commerce fashion company reported earnings after the bell yesterday that easily beat expectations, which helped the stock soar more than 22% in today's session.  TAZR Trader: Several analysts believe that Infinera (INFN) will have lots of opportunity to increase its footprint in digital optical networking systems moving forward, especially with all the troubles surrounding Huawei. Kevin likes to hear of such potential momentum, and also enjoyed INFN’s strong second quarter report that included a 35% earnings beat and a 4% sales outperformance. The company is expected to make a big surge toward profitability next year, so the editor decided to buy it today with a 7% allocation. Read the complete commentary for a detailed look at INFN and to see what those analysts are saying about the company.  Income Investor: "The bulls and the bears are battling it out at critical market levels today as the S&P 500 fights its way towards pre-COVID highs, trading less than a percent below. The Nasdaq 100 has been relentlessly pushing towards continuously new highs despite a growing number of sellers entering the market. "There appears to be a rotation towards cyclical value names that have underperformed the broader market because of their sizable pandemic exposure. Still, tech bulls have remained persistent buying up every dip the bears throw at them. "We are trading up to quite frothy valuations in innovation-driven sectors. The market is pricing in a very optimistic economic recovery, and it feels as if equity prices are hanging by a thread. We will need value sectors like financials, industrials, utilities, and energy to start participating materially if the market rally is to continue." -- Dan Laboe, who's filling in for Maddy this week. All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Market Still Has Seller

Market Still Has Seller Hi all, Dan Laboe here covering for Jim on his final day of vacation. He will be back in action and well-rested to provide you with his usual enthralling market commentary on Monday. Today I'm going to take a look at the market action, some of the reasoning behind this pullback (and why it's a good thing) and examine some of our portfolios activity today. We've Got Sellers The bulls and the bears are battling it out at critical support levels. The Nasdaq 100 and the S&P 500 broke through their respective 50-day moving average after testing them several times throughout morning trading. Towards the end of day, we saw a rotation out of the tech-driven Nasdaq 100. Investors pulled more profits from its biggest winners with Apple (AAPL) and Amazon (AMZN), leading the index down, illustrating daily losses of 1.5% and 2%, respectively. Investors are rotating these profits into some of the cyclical sectors that have underperformed in 2020, with banks, utilities, and industrials keeping the S&P 500 buoyant today. This market pullback (which began on September 3rd) was catalyzed by the split surge from Apple (AAPL) and Tesla (TSLA). Both of these stocks saw huge capital gains into their respective stock splits on August 31st. Retail investors flooded into these shares on the implication that they are "cheaper," when in reality, AAPL & TSLA have never been more expensive on a valuation basis. Both the Nasdaq 100 and the S&P 500 surged to the most overbought levels since January of 2018, on a relative strength index (aka RSI) basis, which can be seen in both charts above. The markets quickly corrected as institutional investors & traders stepped in and blew some of the retail investor driven froth off the top. The largest pullbacks naturally came from the most parabolic stocks. With new sellers in the market, analysts speculate that a further correction could be on the horizon after 6 months of record gains driven by dtech. The impending November election is also bound to bring volatility with it. Still, market optimism remains strong, with interest rates being pushed to virtually 0 for years to come. Jerome Powell and his dovish band of Governors vow to let inflation run for the economy's benefit. Analysts can now discount (denominator) the future earnings (numerator) of innovation-driven companies – who are expected to have massive payouts years in the future – at a much lower rate, making these enterprises more valuable today than ever before. The massive valuation push in tech is justified, but to what extent? How much more do tech stocks have to run in 2020? With sellers beginning to show their colors in the market, it looks like investors may be ready for a profit rotation out of secular tech and into underperforming cyclical sectors, which are beginning to recover with the rapidly convalescing economy. I am bullish about equities in the next decade, and 2020 has been an invigorating start to the roaring 20s. Still, I am apprehensive about what the rest of 2020 has instore for us.  This correction is a good thing for savvy investors as it is providing ripening opportunities every percent the stock market falls. This slight stock retreat is preventing a much greater and more dangerous capitulation-driven selloff that could have occurred if the markets continued to drive upward unchecked.   Do not panic if the equity markets are to plunge further, as this will be the time to capitalize and pick off your favorite stocks at a discount. Remember what the legendary Warren Buffett said: "Be fearful when others are greedy and greedy when others are fearful." Portfolio Highlights We had some robust winners today despite the nearly sideways trading. CROX, VSTO, QDEL, and HWM all drove daily returns in excess of 5%. Crocs (CROX) in the Counterstrike Portfolio was today's biggest winner, gaining 7.6% after management provided healthy Q3 guidance in anticipation of its presentation at the CL King & Associates' 18th Annual Best Ideas Conference on Wednesday. Income Investor: Perhaps the most essential of all businesses during this pandemic is the grocery store, so it makes sense why supermarket giant Kroger (KR) just reported a stronger-than-expected second-quarter report. The company beat on both the top and bottom lines with digital sales soaring 127% from last year. It also offered a forecast for the second half of the year, which is rather rare these days. Maddy added the stock back on March 10th. Take a look at the editor's complete commentary for more specifics on KR's report. Have a great weekend! Dan Laboe Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Stocks Resume Pullback as Tech Comes Under Pressure Again

Stocks Resume Pullback as Tech Comes Under Pressure Again New Zacks Feature: ASK ALEXA Now call out a stock name or ticker. Alexa will give you its latest Zacks Rank and price. Also hear daily additions to and deletions from the services you follow. For easy directions on starting Zacks on Alexa, click here >> It looks like yesterday's strong, tech-led session was just a one-day thing, as stocks returned on Wednesday with one of their worst performances of the past couple weeks. Investors' sentiment toward tech changes from day to day after getting overheated during the epic coronavirus bounce back. Sometimes they still love the spae... like yesterday when the NASDAQ rose 1.7%. But more recently, investors have been avoiding it... like today.   On Wednesday, the NASDAQ dropped 3.02% (or about 330 points) to 10,632.99. The FAANGs really got beaten up in the session. Each of the names moved sharply lower, especially Netflix (NFLX, -4.19%), Apple (-4.19%) and Amazon (AMZN, -4.13%). The S&P dipped 2.37% to 3236.92. This index and the NASDAQ both broke 4-day losing streaks on Tuesday and looked like they may be able to go back-to-back this morning. But that didn't last long. The Dow had been up well over 150 points early in the session. By the closing bell though, it had plunged by 1.92% (or approximately 525 points) to 26,763.13. There wasn't much news on Wednesday, but there doesn't have to be for stocks to make some volatile moves right now. They're still trying to find a balance after five months of epic gains off the coronavirus lows. And it doesn't help that Europe is putting on new restrictions amid rising cases, or that the next round of pandemic relief from Washington looks to be a no-go before the election. On Thursday, Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin will be testifying in front of the Senate Banking Committee. If it's anything like their testimonies in the House on Tuesday, they'll be talking about the need for more help from Capitol Hill sooner rather than later. Tomorrow also marks the jobless claims report, which has come under 1 million for three straight months now. Let's see if it continues. Today's Portfolio Highlights: Home Run Investor: The building products space has been very successful for this portfolio, so Brian decided to pick up a glass company on Wednesday. Apogee (APOG) is a leader in technologies for the design and development of value-added glass products, services and systems. The company beat the Zacks Consensus Estimate by 114% in its most recent report, while rising earnings estimates for fiscal 2021 and fiscal 2022 have made APOG a Zacks Rank #1 (Strong Buy). Speaking of the Zacks Rank, Chart Industries (GTLS) has slipped to a #4 (Sell). The editor sold the stock today and secured a nice 39% return in a little over two months. Read the complete commentary for more on the addition of APOG and the exit of GTLS. Counterstrike: "A lot of what has been specualted by us is starting to become realized to investors and we are seeing some moderate selling in stocks. After some mild strength overnight, the New York open brought sellers, which didn't stop until the bell. "This should really be expected considering the froth we saw over the summer combined with the uncertainty of the election and COVID-19. Those that piled into the FOMO trade in tech are now forced to unwind that trade. Leveraged retail is feeling the pressure as well, especially after their dream stock Tesla disappointed on battery day. "Levered bulls are in trouble and the bears can smell it. Watch out for that 200-day flush if 3200 fails. We will be looking to buy over the next couple days, but its no time to be aggressive." -- Jeremy Mullin Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

New Strain Overshadows Stimulus Deal, but Stocks Recover

New Strain Overshadows Stimulus Deal, but Stocks Recover Scary headlines of a new coronavirus strain overseas sent the market tumbling this morning, but stocks staged a nice recovery in the second half and finished the first day of this holiday-shortened week with little change. The Dow had plunged approximately 400 points earlier in the session, but became the only major index to finish on positive ground. It was up 0.12% (or about 37 points) to 30,216.45. The NASDAQ slipped 0.10% (or around 13 points) to 12,742.52, while the S&P bounced back from a 1% deficit to decline by only 0.39% to 3694.92. Stocks are returning from a decent week that saw the NASDAQ improve 3%, while the S&P and Dow rose 1.3% and 0.4%, respectively. By now you’ve heard that a more contagious coronavirus strain was recently discovered in the U.K. The country immediately stepped up its restrictions. And this new variant is probably already here in the U.S. That’s just about the worst news we could hear and the market dropped as you’d expect. However, subsequent reports stated that the vaccines should be able handle this new strain. Nonetheless, the market was so entranced that – believe it or not – the new stimulus deal was overshadowed. Can you believe that? After months of wrangling and worrying, Congress finally agrees on something and it gets upstaged by a new variant of covid. Nevertheless, the package is a big deal as the $900 billion agreement will include direct checks to Americans and funding for small businesses, among other aspects. But even if the stimulus was the main story of the day, it might not have led to a market rally. The deal was widely expected. It would’ve been a much bigger surprise if they completely failed to do something before Christmas. As Dave Bartosiak said in today’s Surprise Trader: “While the score at the end of the day certainly was red, overall it was a great session for stocks.” Today's Portfolio Highlights: Insider Trader: You won’t run into a whole lot of people on the open water, which explains why boats have become quite popular during this time of social distancing. Take MasterCraft Boat Holdings (MCFT) as an example. This small cap maker of recreational powerboats recently reported its most profitable quarter in history. More impressively, the company raised its revenue and EPS forecast. But as far as Tracey is concerned the most intriguing thing about MCFT is that two directors bought for the first time last week. And they’re buying with shares at 52-week highs, so they must think the company will continue to prosper in the future. Plus, shares are still cheap on a P/E basis. The editor added MCFT on Monday with a 7.4% allocation. Read the full write-up for a lot more on this new buy. Healthcare Innovators: The biggest winner on Monday among all ZU names was easily Editas Medicine (EDIT), which soared just under 30%. But that's not much of a surprise as this stock has jumped approximately 200% since Kevin added it less than three weeks ago! There was no big news for the company today, but the editor sees three reasons for the surge: 1) investment from ARK Invest, 2) short interest, and 3) the “fanatic” interest from retail investors in the age of Robinhood. Read the complete commentary to learn what Kevin wants to do from here. Furthermore, this portfolio actually had three of the top 5 winners. In addition to EDIT, Quidel (QDEL, +8.4%) and Oncternal Therapeutics (ONCT, +8.2%) also made the list.  Black Box Trader: This week's adjustment replaced four names. The stocks that were sold included: • Brinker Int'l (EAT, +6.9%) • Target (TGT) • Tapestry (TPR) • TEGNA (TGNA) The new buys that replaced those names are: • Louisiana-Pacific (LPX) • Sonos (SONO) • Syneos Health (SYNH) • Valvoline (VVV) Read the Black Box Trader’s Guide to learn more about this computer-driven service.  Technology Innovators: "The sell the news trade was not only here in TSLA, but in the stimulus package as well. The market was less than impressed by the bill that everyone expected to get done last week? so no real benefit here as it was priced in. "The weaker open allowed buyers of the dip to come in and grab some "relative bargains" and as the day wore on the markets returned to the Mason Dixon line. What looked like a sellers day turned around and ended up being more neutral than anything. "A week ago I added C3.ai (AI) to the list even before it had a Zacks Rank. I see the stock up 50% in a week and of course I am wondering if we should take profits. Part of me believes this stock is headed to 200 and if that level, or something close to it is reached soon then I will take profits. Until then, I am holding this one." -- Brian Bolan. By the way, AI was the second best performer on Monday among all ZU names with a jump of 16.9%. Until Next Time, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Stocks Back in the Green to Start February

Stocks Back in the Green to Start February SPECIAL ALERT: The new Administration has created a major buying opportunity for investors. President Biden has announced plans that could move trillions into new market sectors. Those sectors are likely to surge higher in anticipation of the massive investment of federal dollars and a changing regulatory environment. Zacks' Presidential Profits: 5 Stocks To Ride Under the New Administration Special Report features 5 picks set to soar in the weeks and months ahead. Our previous "presidential stocks" climbed as much as +71%, +83%, +185% – and these recommendations could be even more impressive. Log on to Zacks.com to read the report now. We got a nice start to February on Monday with each of the major indices moving solidly higher after a disappointing end to January. The NASDAQ led the way once again by jumping 2.55% (or about 333 points) to 13,403.39, while the S&P rose 1.61% to 3773.86. The Dow advanced 0.76% (or nearly 230 points) to 30,211.91. Last week, the indices each lost more than 3%, which also dragged the Dow and S&P into negative territory for January after staying positive through the first three weeks. Of course, the NASDAQ found a way to outperform its counterparts and gain over 1% for the month despite the late challenges. Speaking of those challenges, “SqueezeMania” appeared to cool off a bit on Monday after raising the heart rates of investors in recent sessions. GameStop (GME), which became the epicenter of the speculative buying craze, dropped 30.1% today. And AMC Entertainment (AMC) only managed a 0.3% advance. The squeezin’ may not be over. However, the weekend’s rest and today’s calm seems to have soothed fears that a top was forming, which would end the market’s record-setting pace of the past several weeks. Now perhaps we can focus on what’s likely to be the big news of the market week: the final two reports from the FAANGs. After the bell tomorrow, Alphabet (GOOG) and Amazon (AMZN) go to the plate. There’ll be hundreds of other reports as well in the next few days. You probably wouldn’t realize it from the market action of late, but earnings season has been pretty good so far. Stocks are beating expectations and some are even offering positive forecasts, but Wall Street is just not rewarding them with a drift higher afterwards. Everyone knew this earnings season would show improvement, so strong results were already baked into the market. With that being said though, Netflix (NFLX), the first FAANG to report, soared about 17% after going to the plate last month and remains well above its pre-release price. So let’s just remember that anything can happen during earnings season... Today's Portfolio Highlights: Commodity Innovators: With grain prices on the rise, Jeremy offered two ways for investors to take advantage. Farmland Partners (FPI) owns more than 156,000 acres in 16 states, which produce 26 major commercial crops. A recent pullback gave this portfolio a great entry point, while the editor appreciates its REIT aspect and its 2% dividend. The other buy today is fertilizer giant Mosaic (MOS), a Zacks Rank #2 (Buy) that’s seeing demand for its products rise as farmers look to increase their yields in a more advantageous environment. In addition to these two buys, Jeremy also decided to sell the underperforming Kirkland Lake Gold (KL) position. Read the full write-up for more. Surprise Trader: For the past 15 quarters, Meridian Bioscience (VIVO) has beaten the Zacks Consensus Estimate. Dave expects that streak to continue when the company reports again before the bell on Friday, February 5. In fact, VIVO has a positive Earnings ESP of 3.94% for the upcoming release. This Zacks Rank #2 (Buy) is a fully integrated life sciences company that makes a broad range of diagnostic test kits, purified reagents and biopharma-enabling technologies. The editor added VIVO on Monday with a 12.5% allocation, while also selling MarineMax (HZO) since the market isn’t rewarding the company’s good numbers. See the full write-up for more specifics on today’s action. Counterstrike: After getting dumped with several inches of snow over the weekend, folks here in the Midwest might be able to use a snowmobile right about now. Polaris (PII) has got them covered. The company started about 65 years ago with snowmobiles, but today is a manufacturer of all types of off-road and on-road vehicles. PII is also a Zacks Rank #1 (Strong Buy) that beat the Zacks Consensus Estimate by 17% last week. The stock has fallen from its post-earnings bump, so Jeremy added a 5% allocation on Monday with the intention to add more if it falls to lower support levels. He also likes the 2% dividend. Learn more about this new addition in the complete commentary. Technology Innovators: All those people moving out of congested cities won’t be able to fully rely on public transportation anymore. They’re going to need a car, and CarGurus (CARG) can be a big help. The company is an online automotive marketplace connecting buyers and sellers of new and used cars. It has beaten the Zacks Consensus Estimates in each of the last four quarters... and those beats have been BIG. The average surprise over the past four quarters is 517%! Brian is most interested in the margins with this name, which have moved to nearly 13% from 8.8% of late. Such upward movement should eventually send estimates higher for CARG. The editor added this stock on Monday, while also cutting the underperforming Thermon Group (THR) position. Read the complete commentary for more on today’s moves, including a discussion on the portfolio’s short interest. Insider Trader: During its time in the portfolio, Coeur Mining (CDE) has been up, down and now it’s up again. Tracey isn’t going to play around with this name anymore, since its gains have proven to be fleeting in the past. She sold half of this silver and gold producer on Monday for a 33.7% return in a little over five months. The portfolio will hang onto half since it could have further upside with the reddit traders now holding silver miners. By the way, CDE was also one of the top performers on Monday by climbing 23.1%. Blockchain Innovators: Its been just under a year since Dave added iClick Interactive (ICLK) to the portfolio, and in that time this online marketing technology platform has surged approximately 415%. That’s the second best performer in the service behind the 440% jump for Advanced Micro Devices (AMD). And today, ICLK was the best performer among all ZU names by climbing 27%. ICLK is also in the Top 5 over the past 30 days with a gain of 110.7%, while fellow portfolio position Exp World Holdings (EXPI) is just behind with a rise of 82.3% in 30 days. Black Box Trader: This week's adjustment changed six out of ten positions. The stocks that were sold today included: • TEGNA (TGNA, +8.7%) • Navient (NAVI, +1.1%) • Mosaic (MOS, +0.2%) • Tri Pointe Homes (TPH) • Graphic Packaging (GPK) • PulteGroup (PHM) The new buys that filled these open spots included: • Alcoa (AA) • Huntsman (HUN) • Olin (OLN) • Omnicom Group (OMC) • Tronox (TROX) • U.S. Steel (X) Read the Black Box Trader’s Guide to learn more about this computer-driven service. Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Dow Slips From Record Pace as Listless Week Continues

Dow Slips From Record Pace as Listless Week Continues SPECIAL ALERT: In a brand-new exclusive report, Vaccine Miracles: How mRNA Technology Will Change the World, Zacks’ Senior Stock Strategist Kevin Cook highlights his six top stock picks. At the forefront of revolutionary biomedical science, these companies could significantly boost your portfolio. Log on to Zacks.com to read the report now. This sluggish market continued to amble along on Thursday, but the Dow couldn’t buck the trend this time and finished in negative territory for the first time in a week. The index slipped 0.38% (or nearly 120 points) to 31,493.34, which snaps three consecutive sessions of record highs. The Dow hadn’t closed in the red since last Thursday, February 11. Meanwhile, the NASDAQ dropped another 0.38% (or about 100 points) to 13,865.36 and the S&P dipped 0.44% to 3913.97. The latter two indices have been in negative territory all week heading into Friday. To be fair, though, that only accounts for three sessions given the holiday on Monday. Nevertheless, the S&P is down about 0.5% so far this week, while the NASDAQ has dropped 1.7% as investors take a break from tech amid rising bond yields and inflation. (Interestingly, the NASDAQ gained 1.7% all of last week.) You want to know how ho-hum this week has really been? The Dow is only up by a little more than 0.1% through Thursday, despite its three days of record highs. Walmart (WMT) was certainly no help as the country’s largest retailer dropped nearly 6.5% after mixed fourth-quarter numbers. Unfortunately, the market isn’t rewarding “mixed” quarters this season. Investors shrugged off the strong sales and instead focused their attention on the earnings miss and the soft outlook. We’ll be seeing a lot more retail reports here in the waning days of this better-than-expected earnings season. The market’s interest in these reports has been piqued by yesterday’s strong retail sales number for January, which jumped by 5.3% and shattered expectations for a gain of just over 1%. Another less-than-inspiring report on Thursday came from jobless claims, which rose to 861,000 last week from an upwardly revised 848K in the previous week. The result also missed expectations for the second time in a row after beating forecasts in the previous three weeks. Today's Portfolio Highlights: Technology Innovators: Shares of Twilio (TWLO) gained nearly 8% today after a strong quarterly report, but Brian is going to add this cloud communications platform anyway. He wants to get long for the next several quarters with this name, as the potential for a post earnings drift upward is “very high”. The editor was most impressed that TWLO reported a profit of 4 cents when a loss of 7 cents was expected. Also, the topline beat expectations by 25% in a sign that this stock is a “great growth story”. Don’t be surprised if earnings estimates move higher from here. Read the full write-up for more on today’s addition of TWLO. Surprise Trader: With a positive Earnings ESP of 4.09% for its upcoming report, Rent-A-Center (RCII) looks set to beat the Zacks Consensus Estimate for a fifth straight quarter. This Zacks Rank #2 (Buy) rent-to-own leader reports after the bell on Wednesday, February 24. It beat expectations by nearly 3% last time. Dave added RCII on Thursday with an 11% allocation and also sold the underperforming Sonic Automotive (SAH) position. Read the complete commentary for more on today’s moves. Healthcare Innovators: Late last month, this portfolio sold Novavax (NVAX) for a positive return of approximately 70%. Well, a couple recent analyst upgrades have convinced Kevin to pick it up again, especially on expectations that covid-19 vaccines will be here to stay (like the flu shot) and the frontrunners in the field will be the biggest beneficiaries. The editor also picked up Phio Pharmaceuticals (PHIO), which is focused on small interfering RNA (siRNA). The company released positive pre-clinical data in November, but as you can probably tell this is very early-stage data. Therefore, PHIO is a highly speculative investment, but the editor feels a small risk is worth the potential for RNA-I therapies to fight cancer. Read the complete commentary for all the specifics on when to buy these names, including the ‘4 tailwinds’ for NVAX moving forward. Counterstrike: The chart for eBay (EBAY) is screaming “breakout!” right now, and Jeremy is tired of waiting for the pullback that just doesn’t seem to be coming. Therefore, the editor added a small 4% position in the e-commerce pioneer and will add more on any selling. EBAY is a Zacks Rank #2 (Buy) that reported solid earnings earlier this month, including a positive surprise of 3.6% and a raised guidance for Q1. Meanwhile, Jeremy has lost patience with Whirlpool (WHR), so he sold this stuck-in-the-mud stock on Thursday for a slight loss. Read the full write-up for more on today’s action. Blockchain Innovators: "Three days of morning selling taking the market down until it did a triple-tap of last week's lows. Today's selling took the market down to the February 10th low, an area that was defended the following day. There were not enough sellers to break the ice this morning, and stocks turned things around into the bell to finish off on the right foot. "I see a bid into the overnight session here in the early evening. Tomorrow's open is going to tell us a lot. If the big money comes out selling again, we could be in for some more downside action and a retest of that low. I would expect it to break if the market reverses from here. If not, we should be back to the races with high beta leading the way. "Three days of negativity for the broad market during the US session. I doubt this trend continues tomorrow. I am fully expecting a rally into the weekend based on my chart work the last couple of days. I will be looking for high beta names a result." -- Dave Bartosiak, who had the top two biggest movers today among all ZU services with Cleanspark (CLSK, +25.9%) and Brightcove (BCOV, +21.8%). All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

NASDAQ Soars 2.3% as Week Ends with Back-to-Back Gains

NASDAQ Soars 2.3% as Week Ends with Back-to-Back Gains It was certainly a rough week for stocks, but we all know how much worse it could’ve been without these past two days of gains. In the end, rising inflation definitely unnerved the market, but it didn’t panic.   Tech had a real nice rebound today, sending the NASDAQ screaming higher by 2.32% (or just about 305 points) to 13,429.98. The index was off 2.4% this week, but that’s rather impressive since it plunged by more than 2% twice in the past four days. Big tech had a big bounce with each of the FAANGs solidly higher, especially Facebook (FB) jumping 3.5%. Alphabet (GOOG), Apple (AAPL) and Amazon (AMZN) each climbed 2% or more. And Microsoft (MSFT) got in on the fun with a rise of 2.1%. The S&P increased 1.49% to 4173.85 and the Dow advanced 1.06% (or around 360 points) to 34,382.13. These indices were off 1.4% and 1.1%, respectively, over the five days. The major news this past week was about rising inflation. On Wednesday, the CPI stated that consumer prices soared 4.2% in April, which was well ahead of expectations at 3.5%. Unsurprisingly, that session marked the worst day of the week for stocks. And then the PPI was higher than expected on Thursday. But there are plenty of positive things for the market to focus on, such as an economy about to reopen and a vaccine rollout that’s running on all gears. And let’s not forget the earnings season! More than 90% of S&P companies have reported with total earnings up more than 46% and revenues higher by 9.5%. Check out all the data in Director of Research Sheraz Mian’s new Earnings Preview article. And there’s still some big names coming to the plate next week, including Walmart (WMT), Home Depot (HD) and Macy’s (M) on Tuesday; Cisco (CSCO), Lowes (LOW) and Target (TGT) on Wednesday; Applied Materials (AMAT) on Thursday; and Deere (DE) on Friday. Today's Portfolio Highlights: Surprise Trader: Last night, department store giant Dillard’s (DDS) returned to profitability in its first quarter report and beat the Zacks Consensus Estimate by more than 400%! That makes four straight positive surprises. Total retail sales surged 73%. These results are probably a bit better than what the editor was expecting when adding DDS on May 5. The stock soared 22.8% on Friday, which was the best performance among all ZU names today. DDS is now the top performer in the portfolio with a rise of nearly 20% in just a week-and-a-half. Marijuana Innovators: The earnings report for Aurora Cannabis (ACB) was “dismal”, but fortunately shares were only off slightly. Dave considers that to be a “gift” because he can sell this medical cannabis company and still get a 39.7% return in a little over six months. Get more details in the complete commentary. Counterstrike: “Next week we will see if the sellers show up again or all-time highs can be hit once more. My charts are telling me to be cautious, but if the SPX gets back over 4200, its hard to be bearish. And in the Nasdaq break the 50-day resistance, the tech selling might be over. “This action is really tough as there are mixed signals all over. One day feels like the end of the world and the next feels like the 'Up Only' crowd is back. Inflation is still out there, but the market just didn’t care about that today. “I’m pretty shocked at this quick snap back, but we called this price last night. The algos just love trading to these technical levels and they wasted no time. I expect the market to find some selling again next week, but this bid was so resilient that the pace might be much slower.” – Jeremy Mullin Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021