We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Zacks.com featured highlights Conagra, Cboe Global Markets, QuidelOrtho, American Electric Power Company and Clean Harbors
Read MoreHide Full Article
For Immediate Release
Chicago, IL – November 10, 2022 – Stocks in this week’s article are Conagra Brands, Inc. (CAG - Free Report) , Cboe Global Markets, Inc. (CBOE - Free Report) , QuidelOrtho Corp. (QDEL - Free Report) , American Electric Power Company, Inc. (AEP - Free Report) and Clean Harbors, Inc. (CLH - Free Report) .
5 Stocks with Robust Sales Growth to Combat Recession Fears
Concerns like the persistent disruptions in the global supply chain system, record-high inflation and the continuation of higher interest rate monetary policy globally are weighing on investor sentiments. These have led to an increase in recession risks in the next six-to-nine months.
Amid such concerns and market volatility, investors are cautious about entering the market. So, a conventional stock-picking strategy is the need of the hour for generating robust returns. One such method is picking stocks with steady sales growth. In this regard, stocks like Conagra Brands, Inc., Cboe Global Markets, Inc., QuidelOrtho Corp., American Electric Power Company, Inc. and Clean Harbors, Inc. are worth considering.
While assessing any company, revenues are often more scrutinized than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Stable or declining sales growth indicates obstacles at the company. Stagnant companies may generate near-term profit but do not ensure enough growth to attract new investors.
Without solid revenue growth, bottom-line improvement may not be sustainable over the long term. While a company can show earnings strength by lowering costs, continuous bottom-line improvement usually requires robust sales growth.
Yet, sales growth alone doesn’t indicate much about a company’s prospects. So, taking into account a company’s cash position along with its sales number can prove to be a sensible investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 16 stocks that qualified the screening:
Conagra Brands, based in Chicago, is a leading branded food company in North America. Some iconic brands of CAG are Reddi-Wip, Hunt's, Healthy Choice, Frontera, Slim Jim, Blake's and Marie Callender.
Conagra Brands’ expected sales growth rate for fiscal 2023 is 5.2%. The stock carries a Zacks Rank #2 at present.
Chicago-headquartered Cboe Global Markets is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. CBOE offers trading across a diverse range of products in multiple asset classes and geographies.
Cboe Global Markets’ expected sales growth rate for 2022 is 15.9%. The stock currently sports a Zacks Rank #1.
San Diego, CA-based QuidelOrtho is a key player in the provision of in-vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine. QDEL sells its products directly to end users and distributors for professional use.
QuidelOrtho’s sales are expected to surge 130.4% for 2022. The stock carries a Zacks Rank #2 at present.
Columbus, OH-based American Electric Power is a public utility holding company that generates, transmits and distributes electricity, natural gas and other commodities. AEP is one of the largest integrated utilities in the United States, serving more than 5.5 million customers in 11 states.
American Electric Power’s expected sales growth for 2022 is 10.6%. The company, at present, carries a Zacks Rank #2.
Headquartered in Norwell, MA, Clean Harbors is a leading provider of environmental, energy and industrial services in North America. CLH operates the largest number of hazardous waste incinerators, landfills and treatment, storage and disposal facilities.
Clean Harbors’ expected sales growth rate for 2022 is 35%. The stock carries a Zacks Rank #2 currently.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Zacks.com featured highlights Conagra, Cboe Global Markets, QuidelOrtho, American Electric Power Company and Clean Harbors
For Immediate Release
Chicago, IL – November 10, 2022 – Stocks in this week’s article are Conagra Brands, Inc. (CAG - Free Report) , Cboe Global Markets, Inc. (CBOE - Free Report) , QuidelOrtho Corp. (QDEL - Free Report) , American Electric Power Company, Inc. (AEP - Free Report) and Clean Harbors, Inc. (CLH - Free Report) .
5 Stocks with Robust Sales Growth to Combat Recession Fears
Concerns like the persistent disruptions in the global supply chain system, record-high inflation and the continuation of higher interest rate monetary policy globally are weighing on investor sentiments. These have led to an increase in recession risks in the next six-to-nine months.
Amid such concerns and market volatility, investors are cautious about entering the market. So, a conventional stock-picking strategy is the need of the hour for generating robust returns. One such method is picking stocks with steady sales growth. In this regard, stocks like Conagra Brands, Inc., Cboe Global Markets, Inc., QuidelOrtho Corp., American Electric Power Company, Inc. and Clean Harbors, Inc. are worth considering.
While assessing any company, revenues are often more scrutinized than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Stable or declining sales growth indicates obstacles at the company. Stagnant companies may generate near-term profit but do not ensure enough growth to attract new investors.
Without solid revenue growth, bottom-line improvement may not be sustainable over the long term. While a company can show earnings strength by lowering costs, continuous bottom-line improvement usually requires robust sales growth.
Yet, sales growth alone doesn’t indicate much about a company’s prospects. So, taking into account a company’s cash position along with its sales number can prove to be a sensible investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 16 stocks that qualified the screening:
Conagra Brands, based in Chicago, is a leading branded food company in North America. Some iconic brands of CAG are Reddi-Wip, Hunt's, Healthy Choice, Frontera, Slim Jim, Blake's and Marie Callender.
Conagra Brands’ expected sales growth rate for fiscal 2023 is 5.2%. The stock carries a Zacks Rank #2 at present.
Chicago-headquartered Cboe Global Markets is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. CBOE offers trading across a diverse range of products in multiple asset classes and geographies.
Cboe Global Markets’ expected sales growth rate for 2022 is 15.9%. The stock currently sports a Zacks Rank #1.
San Diego, CA-based QuidelOrtho is a key player in the provision of in-vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine. QDEL sells its products directly to end users and distributors for professional use.
QuidelOrtho’s sales are expected to surge 130.4% for 2022. The stock carries a Zacks Rank #2 at present.
Columbus, OH-based American Electric Power is a public utility holding company that generates, transmits and distributes electricity, natural gas and other commodities. AEP is one of the largest integrated utilities in the United States, serving more than 5.5 million customers in 11 states.
American Electric Power’s expected sales growth for 2022 is 10.6%. The company, at present, carries a Zacks Rank #2.
Headquartered in Norwell, MA, Clean Harbors is a leading provider of environmental, energy and industrial services in North America. CLH operates the largest number of hazardous waste incinerators, landfills and treatment, storage and disposal facilities.
Clean Harbors’ expected sales growth rate for 2022 is 35%. The stock carries a Zacks Rank #2 currently.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2015910/5-stocks-with-robust-sales-growth-to-combat-recession-fears
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.