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.
The Zacks Analyst Blog Highlights: Big Lots, Donnelley Financial Solutions, Great Lakes Dredge & Dock, The Hain Celestial Group and Murphy USA
Read MoreHide Full Article
For Immediate Release
Chicago, IL – June 9, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Big Lots, Inc. , Donnelley Financial Solutions, Inc. (DFIN - Free Report) , Great Lakes Dredge & Dock Corp. (GLDD - Free Report) , The Hain Celestial Group, Inc. (HAIN - Free Report) and Murphy USA Inc. (MUSA - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Top Stocks to Snap Up in the New Bull Market
It’s been a topsy-turvy ride for equities so far this year. Wall Street took a beating in March in the wake of government-imposed lockdowns, with the broader S&P 500 plunging 34% through Mar 23 from an all-time closing high of 3,386.15 achieved on Feb 19.
However, the bull market is now back and major benchmarks are poised to make it to fresh highs soon. To put things into perspective, the S&P 500 has now regained most of the losses incurred during the 33-day bear market. What’s more, the broader index is trading just 5.5% below its peak.
The Dow Jones Industrial Average recently breezed past the coveted 26,000 mark, while the teach-laden Nasdaq topped its previous all-time high in intra-day trade on Jun 5.
The stock market has got its mojo back as the economy is showing signs of rapid recovery from the coronavirus crisis. May’s stunning jobs report has already set the stage for a V-shaped economic recovery, which many economists had earlier doubted.
America regained 2.5 million jobs last month, in contrast to economists’ expectations of job losses of 7.25 million. Similarly, the unemployment rate came in at 13.3%, whereas economists anticipated the jobless rate at 19% versus April's 14.7%.
The Bureau of Labor Statistics confirmed that scores of people who had temporarily lost jobs amid the pandemic have returned to work. Employment rebounded at restaurants, construction sites, retail outlets and manufacturing units.
The economy’s rebound prospects bolstered after manufacturers showed signs of revival in May along with the service side of the economy.
Meanwhile, the breathtaking stock market rebound suggests that many market pundits are betting that the stimulus measures from the government and Fed will continue to help the economy go from strength to strength.
The government had approved more than a trillion-dollar relief plan that will directly benefit American consumers, especially small business houses. It will also help the struggling U.S. airline industry, which took a serious beating due to travel restrictions and cancellations.
The Fed, by the way, has trimmed borrowing costs and pumped billions of dollars into the banking system to sustain the credit flow. Policy makers unanimously agreed to trim benchmark federal funds rate a full percentage point to a range of zero to 0.25%.
Last but not the least, a steady slide in the U.S. dollar should get some credit for the stock market comeback. The ICE U.S. Dollar Index touched a three-year high in mid-March amid the pandemic. But now the index has fallen 5.9% from its peak and is just up 0.6% on a year-to-date basis. Notably, a weaker dollar is always encouraging for U.S. equities since it makes exports of American products cheaper to foreign buyers.
5 Best Stocks to Buy for the Brand New Bull Market
Given the aforesaid positives, the discussion on Wall Street has now shifted from whether the markets will retest the lows set on Mar 23 to what stock investors should be buying in the brand new bull market. We have thus selected five stocks that are positioned to capitalize on such positive developments and gain in the near future. These stocks also flaunt a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Big Lots, Inc. operates as a retailer in the United States. The company offers products under various merchandising categories. The Zacks Consensus Estimate for its current-year earnings has risen 48% over the past 60 days. The company’s expected earnings growth rate for the current quarter and year is 51% and 21%, respectively.
Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company. The Zacks Consensus Estimate for its current-year earnings has moved up 30.4% over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 276.9% and 30.3%, respectively.
Great Lakes Dredge & Dock Corp. provides dredging services in the United States. The Zacks Consensus Estimate for its current-year earnings has climbed 23.3% over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 21.4% and 23.3%, respectively.
The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products. The Zacks Consensus Estimate for its current-year earnings has moved 8.2% north over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 112.5% and 19.7%, respectively.
Murphy USA Inc. engages in the marketing of retail motor fuel products and convenience merchandise. The Zacks Consensus Estimate for its current-year earnings has advanced 46.7% over the past 60 days. The company’s expected earnings growth rate for the current year is 68.3%.
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.
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 http://www.zacks.com/performancefor 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
The Zacks Analyst Blog Highlights: Big Lots, Donnelley Financial Solutions, Great Lakes Dredge & Dock, The Hain Celestial Group and Murphy USA
For Immediate Release
Chicago, IL – June 9, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Big Lots, Inc. , Donnelley Financial Solutions, Inc. (DFIN - Free Report) , Great Lakes Dredge & Dock Corp. (GLDD - Free Report) , The Hain Celestial Group, Inc. (HAIN - Free Report) and Murphy USA Inc. (MUSA - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Top Stocks to Snap Up in the New Bull Market
It’s been a topsy-turvy ride for equities so far this year. Wall Street took a beating in March in the wake of government-imposed lockdowns, with the broader S&P 500 plunging 34% through Mar 23 from an all-time closing high of 3,386.15 achieved on Feb 19.
However, the bull market is now back and major benchmarks are poised to make it to fresh highs soon. To put things into perspective, the S&P 500 has now regained most of the losses incurred during the 33-day bear market. What’s more, the broader index is trading just 5.5% below its peak.
The Dow Jones Industrial Average recently breezed past the coveted 26,000 mark, while the teach-laden Nasdaq topped its previous all-time high in intra-day trade on Jun 5.
The stock market has got its mojo back as the economy is showing signs of rapid recovery from the coronavirus crisis. May’s stunning jobs report has already set the stage for a V-shaped economic recovery, which many economists had earlier doubted.
America regained 2.5 million jobs last month, in contrast to economists’ expectations of job losses of 7.25 million. Similarly, the unemployment rate came in at 13.3%, whereas economists anticipated the jobless rate at 19% versus April's 14.7%.
The Bureau of Labor Statistics confirmed that scores of people who had temporarily lost jobs amid the pandemic have returned to work. Employment rebounded at restaurants, construction sites, retail outlets and manufacturing units.
The economy’s rebound prospects bolstered after manufacturers showed signs of revival in May along with the service side of the economy.
Meanwhile, the breathtaking stock market rebound suggests that many market pundits are betting that the stimulus measures from the government and Fed will continue to help the economy go from strength to strength.
The government had approved more than a trillion-dollar relief plan that will directly benefit American consumers, especially small business houses. It will also help the struggling U.S. airline industry, which took a serious beating due to travel restrictions and cancellations.
The Fed, by the way, has trimmed borrowing costs and pumped billions of dollars into the banking system to sustain the credit flow. Policy makers unanimously agreed to trim benchmark federal funds rate a full percentage point to a range of zero to 0.25%.
Last but not the least, a steady slide in the U.S. dollar should get some credit for the stock market comeback. The ICE U.S. Dollar Index touched a three-year high in mid-March amid the pandemic. But now the index has fallen 5.9% from its peak and is just up 0.6% on a year-to-date basis. Notably, a weaker dollar is always encouraging for U.S. equities since it makes exports of American products cheaper to foreign buyers.
5 Best Stocks to Buy for the Brand New Bull Market
Given the aforesaid positives, the discussion on Wall Street has now shifted from whether the markets will retest the lows set on Mar 23 to what stock investors should be buying in the brand new bull market. We have thus selected five stocks that are positioned to capitalize on such positive developments and gain in the near future. These stocks also flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Big Lots, Inc. operates as a retailer in the United States. The company offers products under various merchandising categories. The Zacks Consensus Estimate for its current-year earnings has risen 48% over the past 60 days. The company’s expected earnings growth rate for the current quarter and year is 51% and 21%, respectively.
Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company. The Zacks Consensus Estimate for its current-year earnings has moved up 30.4% over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 276.9% and 30.3%, respectively.
Great Lakes Dredge & Dock Corp. provides dredging services in the United States. The Zacks Consensus Estimate for its current-year earnings has climbed 23.3% over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 21.4% and 23.3%, respectively.
The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products. The Zacks Consensus Estimate for its current-year earnings has moved 8.2% north over the past 60 days. The company’s expected earnings growth rate for the next quarter and current year is 112.5% and 19.7%, respectively.
Murphy USA Inc. engages in the marketing of retail motor fuel products and convenience merchandise. The Zacks Consensus Estimate for its current-year earnings has advanced 46.7% over the past 60 days. The company’s expected earnings growth rate for the current year is 68.3%.
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.
Today, See These 5 Potential Home Runs >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
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 http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.