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Syngenta Ag ADS (SYT - Analyst Report) has been a steady performer since originally being featured as a momentum stock on Feb 26. This Zacks #1 rank stock has tacked on a few dollars to its share price, moving ahead from $55 to $58, representing a very respectable 5% short-term return. Estimates are once again on the rise for the company, with one covering analyst boosting current-year estimates within the last seven days, driving the consensus estimate 12 cents higher to its current projection of $3.33 per share. This crop and seed protection business is operating in a high-growth segment of the market. The next-year consensus estimate is pegged at $3.33, which would represent a very nice 18% growth in earnings. Read Feb 26 Analysis.
Updates to Previous Momentum Zacks Rank Buy Stocks
Merit Medical Systems Inc. (MMSI) has been trading mostly sideways since being featured as a momentum stock on Feb 5, which is pretty respectable in this very challenging economic environment. The company reported blazing fourth-quarter results on Feb 14, with revenue up 7% and income jumping ahead by an impressive 55% to $4.7 million. Estimates are up slightly, with the current-year estimates moving ahead two cents within the last 30 days. Read Feb 5 Analysis.
Archer Daniels Midland (ADM) is up marginally since being featured on Jan 31. The company's share price has advanced from $43 to $45, a solid short-term return of close to 5%. The company reported second-quarter results that were pretty much in-line with analyst expectations, with revenue getting a nice 7% boost from strong demand for the company's agricultural products. Read Jan 31 Analysis.
Last Week's Momentum Zacks Rank Buy Stocks
Clean Harbors, Inc. (CLHB) stock price has been in a steady up-trend since late January, with share moving from $55 to $63 in just four weeks, a very impressive 15% short-term return. The momentum was built upon impressive fourth-quarter and full-year results, reported on Feb 27, in which net income jumped 44% from the same quarter last year. The company provided a bullish forecast for its 2008 full-year results as well. Read Full Article.
FTI Consulting, Inc. (FCN) is in the remarkably unique position of actually benefiting from the turmoil in the financial sector and overall economic environment. As a consulting advisor to distressed businesses, the company's fourth quarter profit jumped sharply behind the momentum of strong demand for its services. Profit jumped 77% from the previous year. The company also provided a bullish forecast, projecting continued strength in demand as their appears to be no near-term end in sight for the calamities plaguing corporations worldwide. Read Full Article.
Trico Marine Services, Inc. (TRMA) has been the benefactor of strong international growth and very favorable international tax regulations, both of which contributed to the company's very strong fourth quarter and full-year results, reported on Feb 19. Income more than doubled from the previous quarter to $30.1 million. The company also announced that it had completed a key acquisition that would enable it to participate in the high-growth segment of underwater exploration. Read Full Article.
Esterline Technologies Corporation (ESL) shares are flying high from the momentum of very strong first quarter results, reported on Feb 29. Income for the period more than doubled from last year. The company's stock price surged on the news and has managed to hold its gains in a tough climate. Esterline also boosted its guidance, another sign that the company is bullish on its future.Read Full Article.