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Top Stock Picks for the Week of Sep 5, 2018
Lululemon (LULU - Free Report) has put its past troubles behind it and is well on its way of regaining its mantle as one of the top growth names in the retail industry. It had some of the highest comparables in the retail industry in the last quarter. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 35.9% in fiscal 2018. You’re certainly going to pay for that growth as it has a forward P/E of 45. The shares are up 91% year-to-date.
Target Corp. (TGT - Free Report) surprised the Street with blow-out comparables in the second quarter, as it posted its best same-store-sales number in 13 years. Earnings are expected to rise 14% this fiscal year. The shares have broken out to new 5-year highs, adding 31% year-to-date. This Zacks Rank #2 (Buy) is still attractive, with a forward P/E of just 16.5. It also rewards shareholders with a juicy dividend, yielding 2.9%.
Should these two companies be on your investing short list? Find out in this week’s video.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>