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Why Ultra Clean Holdings (UCTT) Stock Might be a Great Pick
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One stock that might be an intriguing choice for investors right now is Ultra Clean Holdings, Inc. (UCTT - Free Report) . This is because this security in the Electronics - Manufacturing Machinery space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronics - Manufacturing Machinery space as it currently has a Zacks Industry Rank of 10 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Ultra Cleanis actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 55 cents per share to 64 cents per share, while current year estimates have risen from $1.96 per share to $2.23 per share. This has helped UCTT to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Ultra Clean. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
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Why Ultra Clean Holdings (UCTT) Stock Might be a Great Pick
One stock that might be an intriguing choice for investors right now is Ultra Clean Holdings, Inc. (UCTT - Free Report) . This is because this security in the Electronics - Manufacturing Machinery space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronics - Manufacturing Machinery space as it currently has a Zacks Industry Rank of 10 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Ultra Cleanis actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Ultra Clean Holdings, Inc. Price and Consensus
Ultra Clean Holdings, Inc. Price and Consensus | Ultra Clean Holdings, Inc. Quote
In fact, over the past month, current quarter estimates have risen from 55 cents per share to 64 cents per share, while current year estimates have risen from $1.96 per share to $2.23 per share. This has helped UCTT to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Ultra Clean. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>