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We are in the last leg of the third-quarter 2020 earnings season and overall results have come in better than expected. Market participants are watching the results closely as the quarter has been a mixed one both in terms of economic data and stock market performance. Meanwhile, four retail giants are likely to beat on earnings this week, which may drive their stock prices in the near future.

Retail Sector in Q3

The retail sector grew in the third quarter albeit at a slow rate. Retail sales grew 0.9%, 0.6% and 1.9%, respectively, in July, August and September. Core retail sales (excluding the volatile auto sales) rose 1.3%, 0.5% and 1.6%, respectively, in the months. Notably, core retail sales constitute a major part of the consumer spending component of the U.S. GDP.

The resurgence of coronavirus in the United States significantly dented retail sales. Moreover, the inability of the U.S. Congress to reach a deal on the size and scope of a fresh fiscal stimulus was a major reason for the tepid growth rate.

However, the most important point is that retail sales grew despite the lack of a new trench of stimulus. Meanwhile, in absolute terms, retail sales have reached the pre-pandemic level.

Q3 Earnings Results in Brief

The third-quarter earnings season has started on a positive note although overall earnings are likely to remain negative. As of Nov 13, 463 S&P 500 companies have reported results. Total earnings of these companies are down 9% from the same period last year on 2% lower revenues, with 84.4% beating EPS estimates and 75.8% surpassing revenue estimates.

Meanwhile, for the quarter as a whole, total S&P 500 earnings are expected to decline 8.6% on 1.2% lower revenues. This would mean an improvement over an earnings decline of 22% year over year on 2.9% lower revenues, as projected before the reporting cycle.

This also implies a marked improvement over second-quarter earnings that had plunged 32.3% on 9.2% lower revenues. Notably, first-quarter earnings of companies on the S&P 500 Index were down 13.5% on 1.4% higher revenues. More importantly, earnings expectations for the fourth quarter are gradually improving since July.

Stocks in Focus

Four retail behemoths are slated to release earnings results this week. Each of these stocks carries either a Zacks Rank #2 (Buy) or 3 (Hold) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The chart below shows the price performance of four stocks in the last quarter.

Walmart Inc. WMT operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam’s Clubs, and NeighborhoodMarkets, as well as the websites, walmart.com and samsclub.com. The Zacks Rank #3 company has an Earnings ESP of +2.79% for third-quarter fiscal 2021 (ended October 2020).

Walmart has an expected earnings growth rate of 8.1% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days. It has a trailing four-quarter earnings surprise of 9.5%, on average. The company will release its earnings report on Nov 17, before the opening bell.

The Home Depot Inc. (HD Quick QuoteHD – Free Report) is the world’s largest home improvement specialty retailer with over 2,200 retail stores across the globe, offering a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, and related services. The Zacks Rank #3 company has an Earnings ESP of +5.19% for third-quarter of fiscal 2020 (ended October 2020).

The Home Depot has an expected earnings growth rate of 12.3% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 7 days. It has a trailing four-quarter earnings surprise of 1.3%, on average. The company will release earnings report on Nov 17, before the opening bell.

Lowe’s Companies Inc. (LOW Quick QuoteLOW – Free Report) is one of the world’s leading home improvement retailers, offering services to homeowners, renters and commercial business customers. The Zacks Rank #3 company has an Earnings ESP of +7.78% for the third quarter of fiscal 2020 (ended October 2020).

Lowe’s Companies has an expected earnings growth rate of 50.2% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 7 days. It has a trailing four-quarter earnings surprise of 17.2%, on average. The company will release its earnings report on Nov 18, before the opening bell.

Target Corp. TGT operates as a general merchandise retailer in the United States. It offers beauty and household essentials, food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The Zacks Rank #2 company has an Earnings ESP of +7.75% for third-quarter fiscal 2020 (ended October 2020).

Target has an expected earnings growth rate of 13.3% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 7 days. It has a trailing four-quarter earnings surprise of 37.6%, on average. The company will release earnings report on Nov 18, before the opening bell.

The Hottest Tech Mega-Trend of All

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Author: Nalak Das

Source: Zacks: 4 Retail Giants Likely to Gain on Earnings Results This Week

The volatility that was seen in September, Wall Street is likely to continue this month. The factors that led to severe volatility last month are present in October too. Moreover, the news of President Donald Trump getting infected with the novel coronavirus last week made market participants all the more jitter.

Lack of Good News in Market

Since last month, the market is suffering from the absence of good news to boost investors’ morale. Notably, stock price reflects market participants’ expectations from the economy, various sectors and industries, and individual companies. Therefore, the lack of good news always dampens investors’ sentiment, resulting in the market’s decline.

The two major concerns of the market are the persisting spike in new coronavirus cases in several parts of the United States and the uncertainty over new fiscal stimulus. In fact, the COVID -19 infection of President Trump raises concerns about key decisions regarding the country’s security, economic and political affairs, specifically, regarding his ongoing election campaign. Additionally, conflicting news on the availability of a vaccine for coronavirus made the situation worst.

A series of economic data for August and September clearly showed that the pace of U.S. economic recovery has slowed in the absence of a fresh trench of fiscal stimulus.

The first round of $2.2 trillion fiscal stimulus injected by the Trump administration terminated in July. Uncertainty regarding new stimulus owing to conflicting views of Republicans and Democrats on the size and scope of the package is undoubtedly taking a toll on the economy.

Moreover, the U.S. presidential election scheduled on Nov 3 is less than a month away. Historically, stock markets have remained volatile in the month before the election. Market participants generally choose to hold cash instead of investing in risky assets like equities while assessing the economic and financial consequences of the election result.

Possible Drivers of October

First, a Congressional settlement for the second round of coronavirus-aid package will immediately boost investors’ confidence in risky assets like equities. Notably, the latest Conference Board data revealed that Americans expressed their highest level of confidence in the economy in September since March.

Second, in its latest projection on Oct 1, the Atlanta Fed estimated 34.6% growth for third-quarter U.S. GDP, up from 32% projected on Sep 25. Furthermore, projections for U.S. corporate earnings for third-quarter and full-year 2020 are rising since early July, indicating growing corporate profits.

The earnings trend is likely to improve going forward as large parts of the U.S. economy have started coming out of the pandemic-driven lockdown. Since the coronavirus-led lockdowns in March, the U.S. economy is operating at a sub-optimal level. The reopening of the economy will limit the stock market’s downside potential.

Our Top Picks
At this stage, it will be prudent to invest in stocks with a Zacks Rank #1 (Strong Buy) that are also trading at a huge discount to their 52-week high prices. We have narrowed down our search to six such stocks all of which are regular dividend payers. Dividend will act as income stream in case of a market downturn. You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our six picks in the past month.

Jabil Inc. (JBL – Free Report) provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services.

The company has an expected earnings growth rate of 39.3% for the current year (ending August 2021). The Zacks Consensus Estimate for the current year has improved by 14.1% over the last 30 days. The stock is currently trading at a 28.6% discount to its 52-week high price. The company has a current dividend yield of 0.93%.

Dow Inc. (DOW – Free Report) provides various materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through the Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings segments.

Although the company’s current-year expected earnings growth rate is negative, it has estimated earnings growth of more than 100% for next year. The Zacks Consensus Estimate for the current-year and next year has improved 32.1% and 9.9%, respectively, in the last 30 days. The stock is currently trading at an 18.9% discount to its 52-week high price. The company has a current dividend yield of 5.92%.

Manulife Financial Corp. (MFC – Free Report) provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States.

Although the company’s current-year expected earnings growth rate is negative, it has an estimated earnings growth rate of 11.8% for next year. The Zacks Consensus Estimate for the current-year has improved 2.1% in the last 30 days. The stock is currently trading at a 49.6% discount to its 52-week high price. The company has a current dividend yield of 5.89%.

Fidelity National Financial Inc. (FNF – Free Report) provides various insurance products in the United States. It operates through Title, and Corporate and Other segments.

The company has an expected earnings growth rate of 15.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 38.5% over the last 60 days. The stock is currently trading at a 49.1% discount to its 52-week high price. The company has a current dividend yield of 3.99%.

NortonLifeLock Inc. (NLOK – Free Report) is one of the leading providers of cyber security solutions. It is known for some of the popular brands in security and utilities, including Norton Anti-Virus, Norton Internet Security and Norton System Works.

The company has an expected earnings growth rate of 47.8% for the current year (ending March 2021). The Zacks Consensus Estimate for the current year has improved by 20.9% over the last 60 days. The stock is currently trading at a 39.6% discount to its 52-week high price. The company has a current dividend yield of 2.43%.

Thor Industries Inc. (THO – Free Report) designs, manufactures, and sells recreational vehicles (RV) and related parts and accessories in the United States, Canada and Europe. It is the largest manufacturer of RVs in the world.

The company has an expected earnings growth rate of 38.6% for the current year (ending July 2021). The Zacks Consensus Estimate for the current year has improved by 12.7% over the last 7 days. The stock is currently trading at a 21.4% discount to its 52-week high price. The company has a current dividend yield of 1.60%.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

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.

Author: Nalak Das

Source: Zacks: 6 Must-Buy Stocks on the Dip for a Likely Volatile October

Forget coronavirus, Wall Street is witnessing a V-shaped recovery for the past four and half months from the pandemic-ravaged bear market in early March. Panic selling had resulted in major stock indexes hitting rock bottom on Mar 23.

The market rally started when economies started reopening, a series of better-than-expected economic data pleasantly surprised, and the second quarter saw better-than-expected U.S. GDP and corporate earnings.

Meanwhile, economists and financial experts are focused on the large-cap-centric three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — for tremendous performances. However, one should not forget the contribution of small-cap stocks in Wall Street’s fabulous recovery.

In fact, the two small-cap specific indexes — the Russell 2000 and the S&P 600 — are the outperformers in the new bull market. Several small-cap stocks have skyrocketed with more than 80% returns during this period. Some of them are Zacks top-ranked stocks.

Small-Cap Stocks Outperform

Market participants are enthusiastic about the facts that the S&P 500 is currently at a striking distance to surpass its all-time high recorded on Feb 19 and the Dow is just 2% away from a positive territory year to date. Moreover, analysts are debating whether the Nasdaq Composite will defy coronavirus and beat last year’s performance, which was the best in six years.

However, a deeper look at the stock market’s performance in the last four and a half months gives us some interesting information. From Mar 23 to Aug 12, the small-cap-centric Russell 2000 and the S&P 600 rallied 63.8% and 60.1%, outpacing the S&P 500 and the Dow that soared 54.2% and 53.6%, respectively. Only the tech-laden Nasdaq Composite surpassed the small-cap-centric indexes jumping 66.1%, during the period.

Both the Russell 2000 and the S&P 600 finished the last four months and the first week of August on a positive note like their large-cap peers. However, the Russell 2000 and the S&P 600 still need to gain 5.1% and 9.5%, respectively, to become green year to date.

Unprecedented Fiscal and Monetary Stimulus

Small businesses suffered the most owing to the global outbreak of the deadly coronavirus, which forced the U.S. government to impose lockdowns for nearly two months. The Trump administration’s decision to provide a massive restructuring package to small businesses greatly helped in reviving this space. On Mar 27, the government released a relief package of $349 billion in forgivable loans to small businesses, provided the firms maintain their payrolls.

Moreover, in April, the U.S. government approved a $480 billion coronavirus relief package with funding earmarked for devastated small businesses and overwhelmed hospitals, and to ramp up testing nationwide during the pandemic.

On Jun 15, the Fed initiated a lending program of up to $600 billion to small and mid-sized businesses. Under this program, businesses with up to 15,000 employees or revenues up to $5 billion will get a loan in the range of $250,000 to $300 million for 5 years in floating rate. The central bank will encourage retail banks to lend out to struggling companies and will purchase 95% of each loan extended under the facility.

Our Top Picks

We have narrowed down our search to five small-cap (market capital < $1 billion) stocks that have skyrocketed more than 80% in the past three months. These stocks also have strong growth potential and saw robust earnings estimate revisions in the past 7 to 30 days. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past three months.

Superior Group of Companies Inc. (SGC – Free Report) manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products.

The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved more than 100% over the past 30 days. The stock price has soared 182.9% in the past three months.

MarineMax Inc. (HZO – Free Report) is the largest recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, motor and convertible yachts, pontoon boats, fishing boats, ski boats and jet boats.

The company has an expected earnings growth rate of 55.8% for the current year (ending September 2021). The Zacks Consensus Estimate for the current year has improved 67.1% over the past 30 days. The stock price has jumped 119% in the past three months.

Sterling Construction Co. Inc. (STRL – Free Report) is a leading heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure projects in the United States.

The company has an expected earnings growth rate of 66.7% for the current year. The Zacks Consensus Estimate for the current year has improved 26.1% over the past 7 days. The stock has climbed 103.9% in the past three months.

Hamilton Beach Brands Holding Co. (HBB – Free Report) is a designer, marketer and distributor of branded electric household and specialty houseware appliances, as well as commercial products for restaurants, bars and hotels.

The company has an expected earnings growth rate of 20.2% for the current year. The Zacks Consensus Estimate for the current year has increased 4.8% over the past 7 days. The stock has appreciated 97.4% in the past three months.

International Money Express Inc. (IMXI – Free Report) offers wire transfer and other processing services to customers through a network of sending and paying agents located primarily in the District of Columbia and Puerto Rico as well as throughout Latin America.

The company has an expected earnings growth rate of 11.5% for the current year. The Zacks Consensus Estimate for the current year has improved 8.8% over the past 7 days. The stock has surged 85.1% in the past three months.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

Author: Nalak Das

Source: Zacks: Don’t Ignore Small Caps in Market’s V-Shaped Recovery: 5 Picks

We are in the last round of the coronavirus-stricken second-quarter 2020 earnings season. The results are rather disappointing so far, in line with expectations as lockdowns were in place for the maximum part of last quarter.

However, expectations for second-quarter earnings as a whole, have improved to some extent from what they were at the beginning of the reporting cycle. Meanwhile, five large-cap (market capital > $10 billion) companies are set to beat earnings estimates this month.

Q2 Earnings Expectations Improve to Some Extent

As of Aug 7, 445 S&P 500 members reported second-quarter 2020 earnings results. Total earnings of these companies are down 34.8% from the same period last year on 10.9% lower revenues. Of the total, 80.2% surpassed EPS estimates and 63.1% outpaced revenue estimates.

Overall, second-quarter earnings for the S&P 500 Index are projected to be down 34.9% year over year on 9.3% lower revenues. This is an improvement over a year-over-year decline of 44.8% in earnings on 10.7% lower revenues. Notably, first-quarter earnings of companies on the S&P 500 Index were down 13.5% on 1.4% higher revenues. (Read More: Making Sense of the Earnings Picture)

Our Top Picks

We have narrowed down our search to five large-cap stocks slated to report earnings results this month. Each of these stocks carries a Zacks Rank #2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are expected to soar after earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The chart below shows the price performance of our five picks in the last quarter.

JD.com Inc. (JD – Free Report) operates as an e-commerce company and retail infrastructure service provider in the People’s Republic of China. It operates in two segments, JD Retail and New Businesses. The company has an Earnings ESP of +13.79%.

JD.com has an expected earnings growth rate of 20.2% for the current year. It has a trailing four-quarter earnings surprise of 114%, on average. The company will release its earnings report on Aug 17, before the opening bell.

Agilent Technologies Inc. (A – Free Report) is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The company has an Earnings ESP of +5%.

Agilent Technologies has an expected earnings growth rate of 0.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 30 days. It has a trailing four-quarter earnings surprise of 7.9%, on average. The company will release its earnings on Aug 18, after the closing bell.

Nordson Corp. (NDSN – Free Report) engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide.

The company has an Earnings ESP of +6.06% for third-quarter fiscal 2020 (ended July). The Zacks Consensus Estimate for Nordson’s current-year earnings has improved 0.4% over the last 30 days. The company will release its earnings report on Aug 19, after the closing bell.

Deere & Co. (DE – Free Report) manufactures and distributes farm equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The company has an Earnings ESP of +4.64% for third-quarter fiscal 2020 (ended July).

The Zacks Consensus Estimate for Deere’s current-year earnings has improved 2.3% over the last 30 days. It has a trailing four-quarter earnings surprise of 11%, on average. The company will release its earnings report on Aug 21, before the opening bell.

Dollar General Corp. (DG – Free Report) is one of the largest discount retailers in the United States. It trades in low-priced merchandise typically $10 or less offering a wide consumable items, seasonal items, home products and apparel. The company has an Earnings ESP of +2.90% for second-quarter fiscal 2020 (ended July).

Dollar General has an expected earnings growth rate of 32% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 30 days. It has a trailing four-quarter earnings surprise of 16.9%, on average. The company will come up with its earnings report on Aug 27, before the opening bell.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year’s 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Author: Nalak Das

Source: Zacks: Buy 5 Large-Cap Stocks Ahead of Earnings Results This Month

Wall Street has been facing choppy trading sessions almost regularly this month following the resurgence of coronavirus in several major states of the United States threatening the much-hyped V-shaped recovery of the economy in the second half of this year.

Although the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are in positive territory, so far this month, volatility remains a major concern for investors. Despite the market’s roller-coaster ride, a handful of momentum stocks with a favorable Zacks Rank have provided more than 20% returns so far in July. These stocks have more upside left in the near term.

Near-Term Concerns

A spike in new coronavirus cases in as many as 24 states, unavailability of vaccine, intensifying U.S.-China tensions and a delay in the second round of fiscal stimulus by the government led to regular market fluctuations.

Moreover, for 18 consecutive weeks, initial jobless claims stood at more than 1.3 million. The Conference Board reported that U.S. consumer confidence dropped to 92.6 from the upwardly revised data of 98.3 in June. Notably, the expectations sub-index — defining consumer’s expectation for the next six months — dropped to a four-month low of 91.5 in July from 106.1 in June.

Momentum Likely to Continue Despite Pandemic

Momentum investing calls for continued appraisal of stocks, which ensures that an investor does not pick a beaten-down name and overlook a thriving one. Momentum investors buy high on the anticipation that the stock will only ascend in the short to intermediate term.

Although coronavirus-induced woes are persisting in the United States and globally, causing severe market volatility, the overall movement of the stock market is likely to remain northbound.

Market’s worst is behind us as negative estimates are already factored in market valuation. Despite the second surge of COVID-19, the U.S. economy is not likely to face lockdowns once again. Moreover, a series of economic data from the last quarter has indicated that the pandemic-led devastations may not be as ruthless as previously expected.

Upward Revision of EPS Estimates – A Crucial Indicator

An upward earnings per share (EPS) estimate revision for 2020 of any stock simply means the market is expecting these companies to do good business this year.

A positive EPS estimate revision during the period of historic financial turmoil highlights a solid business model and robust growth potential of these companies. Market participants are likely to be interested in those stocks that have witnessed positive EPS estimate revisions recently — within the last 7 days.

Our Top Picks

We have narrowed down our search to five momentum stocks that have skyrocketed in the past month. All these stocks witnessed robust earnings revisions in the last 7 days and have strong growth potential. Each of our picks carries a Zacks Rank #1 (Strong Buy) and a Momentum Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past month.

Meritage Homes Corp. (MTH – Free Report) designs and builds single-family homes in the United States. It operates through two segments, Homebuilding and Financial Services. The company has expected earnings growth of 40.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 36% over the last 7 days. The stock price has soared 35.3% in the past month.

MarineMax Inc. (HZO – Free Report) is the largest recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, motor and convertible yachts, pontoon boats, fishing boats, ski boats and jet boats. The company has an expected earnings growth rate of 55.8% for next year (ending September 2021). The Zacks Consensus Estimate for next year has improved 67.1% over the last 7 days. The stock price has jumped 32% in the past month.

PulteGroup Inc. (PHM – Free Report) is engaged in homebuilding and financial services businesses, primarily in the United States. The company has expected earnings growth of 22.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 39.3% over the last 7 days. The stock price has climbed 31.4% in the past month.

Clearfield Inc. (CLFD – Free Report) manufactures, markets and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises and original equipment manufacturers markets in the United States and internationally. The company has expected earnings growth of 41.2% for the current year (ending September 2020). The Zacks Consensus Estimate for current-year earnings has improved by 84.6% over the last 7 days. The stock price has rallied 27.8% in the past month.

CyberOptics Corp. (CYBE – Free Report) is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 7 days. The stock price has surged 21.2% in the past month.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

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.

Author: Nalak Das

Source: Zacks: Top 5 High-Flying Momentum Stocks of July With More Upside

Thanks to an impressive turnaround for the last three months, barring some occasional fluctuations, Wall Street has managed to exit the coronavirus-led bear market. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have jumped 43.6%, 42.8% and 52.5%, respectively, from their recent lows recorded on Mar 23.

Besides these large-cap centric indexes, the small-cap specific Russell 2000 Index has been performing strongly in the past three months, rallying 49% from its recent low recorded on Mar 18. Several small-cap stocks have skyrocketed more than 50% in the past three months. Here we have selected five with a favorable Zacks Rank and strong growth potential for the near future.

Unprecedented Fiscal and Monetary Stimulus

Small businesses suffered the most owing to the global outbreak of the deadly coronavirus, which forced the U.S. government to impose lockdowns for nearly two months. The economy came to a standstill during that period.

The Trump administration’s decision to provide a massive restructuring package to small businesses greatly helped in reviving this space. On Mar 27, the government released a relief package of $349 billion in forgivable loans to small businesses, provided the firms maintain their payrolls.

Moreover, in April, the U.S. government approved a $480 billion coronavirus relief package with funding earmarked for devastated small businesses and overwhelmed hospitals, and to ramp up testing nationwide during the pandemic.

On Jun 15, the Fed initiated a lending program of up to $600 billion to small and mid-sized businesses. Under this program, businesses with up to 15,000 employees or revenues up to $5 billion will get loan in the range of $250,000 to $300 million for 5 years in floating rate.

The central bank will encourage retail banks to lend out to struggling companies and will purchase 95% of each loan extended under the facility.

Positive Development

On Jun 9, National Federation of Independent Business reported that the U.S. Small Business Optimism Index got a solid momentum in May, increasing to 94.4 from 90.9 in April. Eight of the 10 components of the index improved last month while two declined. Per the report, the majority of owners is optimistic about future business conditions and expects the ongoing recession to be short-lived.

Notably, small corporates create a significant amount of jobs in the U.S. economy. More than 50% of the newly created jobs in the private sector originate here. These people constitute a large part of customers for big businesses.

Our Top Picks

We have narrowed down our search to five small-cap (market capital , $1 billion) stocks that have skyrocketed more than 50% in the past three months with strong growth potential and robust earnings estimate revisions in past 30 days. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past three months.

Calix Inc. (CALX – Free Report) provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean and internationally.

The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 9.1% over the past 30 days. The stock price has soared 119% in the past three months.

Donnelley Financial Solutions Inc. (DFIN – Free Report) operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. It offers content creation, management and distribution, as well as data analytics and multi-lingual localization services.

The company has an expected earnings growth rate of more than 39.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 20.7% over the past 30 days. The stock price has jumped 102.5% in the past three months.

ChannelAdvisor Corp. (ECOM – Free Report) offers cloud-based e-commerce solutions and services. It solutions include marketplaces, comparison shopping, paid search, social campaigns, flex feeds, web stores and rich media.

The company has an expected earnings growth rate of 72.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved by 6.2% over the past 30 days. The stock price has climbed 99.6% in the past three months.

United Natural Foods Inc. (UNFI – Free Report) distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates through the Wholesale and Other segments.

The company has an expected earnings growth rate of 20.2% for the current year (ending July 2020). The Zacks Consensus Estimate for current-year earnings has improved by 14.7% over the past 30 days. The stock price has rallied 88% in the past three months.

Clearwater Paper Corp. (CLW – Free Report) produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates through two segments, Consumer Products, and Pulp and Paperboard.

The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 30 days. The stock price has surged 58.8% in the past three months.

Today’s Best Stocks from Zacks

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This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

Author: Nalak Das

Source: Zacks: Don’t Miss These 5 Small Hidden Gems in Market’s Turnaround

Wall Street is having a dream run since Mar 23, when all the three major indexes — the Dow , the S&P 500 and the Nasdaq Composite — fell to the lowest level after entering the coronavirus-induced bear market on Mar 11. An unprecedented stimulus package from the U.S. government and the Fed, reopening of the domestic economy after more than a month of lockdown and stabilization of economic data clearly indicate that the market’s worst is over.

Investment in risky assets like equities strengthened as market participants’ sentiment got a boost. Meanwhile, the consumer discretionary sector has become a major driver of Wall Street rally in the past month.

Three Positive Catalysts

Wall Street rally is likely to gather momentum in the near term due to three major factors.

First, an unprecedented $8 trillion stimulus injected by the U.S. government and the Fed will create significant pent-up demand. Moreover, the central bank’s decision to keep the benchmark interest rate at 0% and inject money into the economy by means of purchasing even the high-yielding junk bonds would create a strong credit market.

Second, all 50 states eased lockdown restrictions and opened up their economies in some form last month. As the economy reopens in a phased manner and businesses gain pace, more people will be reemployed and consequently, consumer spending, the major driver of the U.S. GDP, will increase.

Third, the U.S. economy is bottoming out. This is evident from the recently released economic data. Initial jobless claims, though high till the last-reported week, has been declining systematically over the past nine weeks.

Moreover, better-than-expected consumer confidence and ISM manufacturing data in May, surging home builders’ sentiment, growing mortgage applications to purchase homes last month, and narrower-than-expected fall in orders of durable goods in April are clearly showing that the U.S. economy is coming out of the clutches of the deadly coronavirus.

Importance of Surging Consumer Discretionary Stocks

The consumer discretionary sector comprises businesses that sell goods and services, which are considered non-essential by consumers. These are the products that consumers can avoid without any major consequences to their well-being. In fact, these goods are desirable only if the available income of an individual is sufficient to purchase them. This is in sharp contrast to consumer staples products that are absolutely necessary.

Notably, the U.S. economy was performing well buoyed by strong consumer spending before the advent of coronavirus. However, the lockdowns imposed by the United Sates and across the world along with the breakdown of the global supply chain system, significantly dented both consumer and business confidence.

However, the above-mentioned positive developments will generate higher aggregate demand for the economy, especially for consumer discretionary stocks. This is evident from the fact that the Consumer Discretionary Select Sector SPDR (XLY), one of the 11 broad sectors of the S&P 500 Index, gained 12.7% in the past month, second only to the Energy Select Sector SPDR (XLE), which gained 13.1%. The benchmark itself grew only 8.8%.

Our Top Picks

We have narrowed down our search to five consumer discretionary stocks that have skyrocketed more than 25% in the past month with strong growth potential and robust earnings estimate revisions. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past month.

BJ’s Wholesale Club Holdings Inc. (BJ – Free Report) is an operator of membership warehouse clubs primarily in East United States. It operates clubs and BJ’s Gas locations in several states. The Zacks Rank #1 company has an expected earnings growth rate of 51.4% for the current year (ending January 2021). The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the last 7 days. The stock price has climbed 36.3% in the past month.

Perdoceo Education Corp. (PRDO – Free Report) operates colleges, institutions, and universities through online, campus based and blended learning programs in the United States. It operates through three segments: Colorado Technical University, American InterContinental University and All Other Campuses. The Zacks Rank #1 company has an expected earnings growth rate of 10.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.1% over the last 30 days. The stock price has rallied 30% in the past month.

DouYu International Holdings Ltd. (DOYU – Free Report) provides a game-centric live streaming platform primarily in China. It operates its platform on both PC and mobile apps. The Zacks Rank #1 company has an expected earnings growth rate of 200% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 34.2% over the last 7 days. The stock price has surged 27.4% in the past month.

Camping World Holdings Inc. (CWH – Free Report) operates as an outdoor and camping retailer. It operates through three segments: Consumer Services and Plans, Dealership and Retail. The Zacks Rank #2 company has an expected earnings growth rate of 193.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 131% over the last 30 days. The stock price has soared 169% in the past month.

Peloton Interactive Inc. (PTON – Free Report) provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The Zacks Rank #2 company has an expected earnings growth rate of 31.6% for next year (ending June 2021). The Zacks Consensus Estimate for next-year earnings has improved 2.6% over the last 7 days. The stock price has jumped 44.6% in the past month.

Author: Nalak Das

Source: Zacks: 5 Top Consumer Discretionary Stocks to Gain From Market Rally

Wall Street’s new bull market that started in mid-April, ending the coronavirus-induced short bear-market, has gathered pace since last week. On May 27, the Dow closed at 24,995.11, its highest closing since Mar 6. During the trading session, the 30-stock index touched 25,000 briefly for the first time in more than two and half months.

Dow’s Impressive Rally Continues

The Dow recorded its all-time high of 29,568.57 on Feb 12. However, the index entered into the bear market on Mar 11 with the outbreak of the deadly coronavirus globally. The downward movement continued till Mar 23 as almost all countries, including the United States imposed partial or total lockdowns.

However, the blue-chip index’s northbound journey began on Mar 24 and is continuing barring occasional fluctuations. The index jumped 37.2% during Mar 23 to May 27. Month to date, the index is up 2.67% and on pace for back-to-back monthly gains.

Reopening the Global Economy

Meanwhile, 43 states have decided to ease lockdown restrictions and open up their economies in some form by this month end including portions of the hard hit New York. Tech giants like Apple Inc. and Alphabet Inc. (GOOGL – Free Report) have decided to open stores systematically from this month. Data from booking platform OpenTable revealed that in some states, U.S. consumers are slowly returning to restaurants. The Wall Street Journal recently reported growing freight trucking activities.

Major European countries like Germany, Spain, Italy and the U.K. are gradually reopening businesses and educational institutions, organizing sports events and lifting travel restrictions. Emerging countries like India, Singapore, Australia and South Africa are in the process to reopening.

Development in COVID-19 Immunization

According to Fundstrat, at present, there are 10 vaccines in clinical evaluation and 114 in preclinical evaluation for the treatment of COVID-19. On May 18, Moderna Inc. (MRNA – Free Report) announced that all 45 patients administered with its coronavirus vaccine candidate in a Phase 1 clinical trial developed neutralizing antibodies.

On May 27, Novavax Inc. (NVAX – Free Report) said it started human trials of its vaccine candidate in Australia. Merck & Co. (MRK – Free Report) said that its portfolio will be enhanced by two potential vaccines and an experimental drug against the coronavirus very soon.

Partial Recovery of Crude Oil Prices

Crude oil prices have recovered to a large extent from Apr 20, when the WTI crude price finished in negative for the first time in history owing to coronavirus-induced global economic lockdowns. In the past month, this benchmark crude price has jumped nearly 170% while Brent crude, the global benchmark, has climbed nearly 54%.

In the past month, global crude oil production has plunged an estimated 13-15 million barrels per day (bpd). The OPEC and Russia led allies have cut production by around 9.7 million bpd while U.S. crude production has dropped by 1.5 million bpd. Global demand for crude oil is showing an uptick as more and more economies are reopening.

Our Top Picks

We have narrowed down our search to four Dow stocks that have popped in the past month. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The chart below shows the price performance of our four picks in the past month.

Apple Inc.’s (AAPL – Free Report) Services and Wearables businesses are expected to drive top-line growth in fiscal 2020 and beyond. Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as its new cash cow.

The company is encouraging developers to use artificial intelligence (AI) and machine learning in their apps. Apple’s focus on autonomous vehicles and augmented virtual reality technologies presents growth opportunity in the long haul.

The company has an expected earnings growth rate of 3.5% for the current year (ending September 2020). The Zacks Consensus Estimate for current-year earnings has improved by 1.2% over the last 30 days. The stock price has jumped 11.8% in the past month.

Exxon Mobil Corp.’s (XOM – Free Report) growth developments include the Stabroek Block, located off the coast of Guyana. In the block, the company estimates gross recoverable resource of more than 8 billion oil-equivalent barrels. It projects daily Guyana oil production volumes of more than 750,000 gross barrels by 2025. Management’s track of capex discipline across the commodity price cycle makes it a relatively low-risk play.

Although the company has a negative expected earnings growth rate for the current year, it boasts strong growth of 134.7% for next year. The Zacks Consensus Estimate for current-year earnings has improved by 18.2% over the last 30 days. The stock price has rallied 4.5% in the past month.

Cisco System Inc. (CSCO – Free Report) is the largest player in the networking space. The company has strong presence in the router and switch market. It has also retained a leadership position in WLAN and Ethernet switching. Moreover, expansion into relatively under-penetrated markets is expected to drive growth.

The company has an expected earnings growth rate of 1.6% for the current year (ending July 2020). The Zacks Consensus Estimate for current-year earnings has improved by 3.3% over the last 30 days. The stock price has climbed 4.1% in the past month.

Chevron Corp.’s (CVX – Free Report) well economics in the Permian Basin, where it has substantial holdings of 2.2 million net acres, continues to show improvement. The company has been able to achieve a 40% reduction in its development and production costs since 2015. Thanks to its successful cost control initiatives, Chevron has lowered its break-even price for oil to an industry-leading $51 per barrel.

Although the company has a negative expected earnings growth rate for the current year, it boasts strong growth of 397.1% for next year. The Zacks Consensus Estimate for current-year earnings has improved by 33.3% over the last 30 days. The stock price has surged 4% in the past month.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2021.

Author: Nalak Das

Source: Zacks: Dow Touches 25,000 in More Than 2 Months: 4 Blue-Chip Picks

The coronavirus-stricken first-quarter 2020 earnings season has already completed its major part. The disappointing performance by U.S. corporates that started in the beginning of the reporting cycle is still continuing. Despite the negative earnings trend, a handful of stocks with a favorable Zacks Rank are poised to beat earnings estimates this week. We have selected the top six.

First-Quarter Earnings in Brief

As of May 8, 434 S&P 500 members reported first-quarter earnings results. Total earnings of these companies are down 10.6% from the same period last year on 1.1% higher revenues. Of the total, 67.7% surpassed EPS estimates and 58.3% outpaced revenue estimates. Overall, first-quarter earnings for the S&P 500 Index were projected to be down 12.8% year over year on 1.3% higher revenues. This is in sharp contrast to 4% earnings growth expected in early January.

Our Top Picks

We have narrowed down our search to six stocks that will release earnings results this week. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are expected to soar after earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The chart below shows the price performance of our six picks in the last quarter.

Logitech International S.A. (LOGI – Free Report) designs, manufactures and markets products that allow people to connect through music, gaming, video, computing and other digital platforms worldwide. The Zacks Rank # 1 company has an Earnings ESP of +8.33% for the fourth quarter of fiscal 2020.

Logitech International has an expected earnings growth rate of 7.6% for the current year (ending March 2021). The Zacks Consensus Estimate for current-year earnings has improved 3.7% over the last 30 days. It has a trailing four-quarter positive earnings surprise of 9.2%, on average. The company is set to release earnings results on May 11, after the closing bell.

Grocery Outlet Holding Corp. (GO – Free Report) owns and operates a chain of grocery stores primarily in the United States. It offers products such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise as well as fresh meat and seafood and natural, organic, specialty and healthy products. The Zacks Rank #1 company has an Earnings ESP of +33.33% for first-quarter 2020.

Grocery Outlet has an expected earnings growth rate of 15.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.2% over the last 30 days. It has a trailing four-quarter positive earnings surprise of 31.1%, on average. The company is set to release earnings results on May 11, after the closing bell.

GFL Environmental Inc. (GFL – Free Report) offers non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services in North America. The Zacks Rank # 2 company has an Earnings ESP of +16.19% for first-quarter 2020. The Zacks Consensus Estimate for current-year earnings has improved 1.3% over the last 30 days. The company is set to release earnings results on May 11, after the closing bell.

Health Catalyst Inc. (HCAT – Free Report) provides data and analytics technology and services to healthcare organizations primarily in the United States. It operates through two segments, Technology and Professional services. The Zacks Rank #1 company has an Earnings ESP of +7.26% for first-quarter 2020.

Health Catalyst has an expected earnings growth rate of 6.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the last 30 days. It has a trailing four-quarter positive earnings surprise of 31%, on average. The company is set to release earnings results on May 12, after the closing bell.

Viela Bio Inc. (VIE – Free Report) is a clinical-stage biotechnology company engaged in the research and development of treatments for severe inflammation and autoimmune diseases in the United States. The Zacks Rank #2 company has an Earnings ESP of +13.04% for first-quarter 2020.

Viela Bio has an expected earnings growth rate of 58.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 30 days. The company is set to release earnings results on May 13, after the closing bell.

SSR Mining Inc. (SSRM – Free Report) is engaged in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. It primarily explores gold and silver deposits. The Zacks Rank #2 company has an Earnings ESP of +13.57% for first-quarter 2020.

SSR Mining has an expected earnings growth rate of 63% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 18.9% over the last 60 days. It has a trailing four-quarter positive earnings surprise of 77.8%, on average. The company is set to release earnings results on May 14, after the closing bell.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2020.

Author: Nalak Das

Source: Zacks: 6 Top Stocks to Buy Ahead of Earnings Results This Week

Wall Street is witnessing an impressive rally since Mar 23, when the three major stock indexes touched the lowest level after entering the bear territory on Mar 11. An unprecedented amount of stimulus package injected by the United States and several other countries boosted investor sentiment to a large extent.

Moreover, several U.S. states are considering opening the economy restricting lockdown measures. Major Eurozone countries are also preparing to return to economic normalcy as the coronavirus pandemic stabilizes.

Possibility of Reopening Economy

Several states in the country are considering plans to reopen the economy systematically. States like Alaska, Georgia, South Carolina, Tennessee and Texas have already started allowing restaurants, salons, spas and barbershops to serve customers. Mike DeWine, governor of Ohio, has set May 12 as the date for retail stores and other service industries to reopen. Andrew Cuomo, governor of coronavirus hotspot New York, said that the economy will be opened in phases.

In Europe, Spain has allowed its citizens to leave their homes for short walks and exercise from May 2. Belgium and Italy will ease restrictions from May 4. In France, the government prepared to ease economic shutdown from May 11. In Asia, India permitted manufacturing and farming to resume in rural areas last week.

Wall Street Witnessing Impressive Rally

So far in April, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 10%, 10.8% and 11.8%, respectively. An unprecedented $8 trillion fiscal and monetary stimulus has been injected by the U.S. government and the Fed to fight the coronavirus-led economic disaster. Several Eurozone countries, Japan and the leading emerging market economies have also provided $7-8 trillion of global stimulus.

However, despite the impressive month-to-date performance, the Dow, the S&P 500 and the Nasdaq Composite are still 18.5%, 15.6% and 12.5% away from their respective all-time highs registered in mid-February.

Meanwhile, a handful of growth stocks have skyrocketed in April rallying more than 25% defying the partial lockdown in the United States. Notably, growth stocks are associated with aggressive earnings or revenue improvements, which should propel their prices higher in the future.

Our Top Picks

At this stage, it will be prudent to invest in stocks with a favorable Zacks Rank and strong growth potential. We have narrowed down our search to five stocks with a Growth Score of A that have skyrocketed in April. Each of our picks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks month to date.

CURO Group Holdings Corp. (CURO – Free Report) offers unsecured and secured instalments and open-end and single-pay loan services as well as renders other customer services, robust operating systems, call center and track record services. The company has an expected earnings growth rate of 12% for the current year. The stock price has rallied 94.6% month to date.

Forterra Inc. (FRTA – Free Report) manufactures and sells pipe and precast products in the United States, Canada and Mexico. It operates through the Drainage Pipe & Products and Water Pipe & Products segments. The company has an anticipated outstanding earnings growth rate of 866.7% for the current year. The stock price has jumped 51.6% month to date.

Digital Turbine Inc. (APPS – Free Report) provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers and other third parties worldwide. The company has an expected earnings growth rate of 82.5% for the current year (ending March 2021). The stock price has climbed 47.9% month to date.

NeoPhotonics Corp. (NPTN – Free Report) develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. The company has an expected earnings growth rate of 3,300% for the current year. The stock price has soared 30.4% month to date.

SpartanNash Co. (SPTN – Free Report) is a food distributor serving military commissaries and exchanges in the United States. It operates in three segments: Food Distribution, Military, and Retail. The company has an expected earnings growth rate of 26.4% for the current year. The stock price has surged 25.4% month to date.

Author: Nalak Das

Source: Zacks: 5 Top Growth Stocks Rallying More Than 25% in Lockdown April

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