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Zacks Value Trader Highlights: Bank of America, JPMorgan Chase, Meritage Homes, Canadian Solar and Office Depot
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For Immediate Release
Chicago, IL – August 7, 2020 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Screening for Ultimate Value Stocks
Welcome to Episode #200 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
200 episodes!
Thanks for tuning in over all these years to find out about value stocks.
With the stock market still hitting new highs nearly daily, ARE there any value stocks out there?
Warren Buffett Buys More Bank Shares
Warren Buffett’s Berkshire Hathaway loves the banks. It has owned some for years.
Recently, we learned that Berkshire had bought more shares of its largest bank holding, Bank of America Corporation (BAC - Free Report) .
It also owns JPMorgan Chase & Co. (JPM - Free Report) , another favorite on the Street.
Banks are really out of favor by investors, which makes them prime candidates to be value stocks. But are banks the only “cheap” stocks out there?
Screening for the Ultimate Value Stocks
If you’re going to buy value right now, why not buy companies that are cheap across all value fundamentals?
That would be a company with low P/E, P/S, PEG and P/B ratios. You could also add on low P/Cash Flow for even more firepower.
Additionally, adding the Zacks Ranks of #1 (Strong Buy) or #2 (Buy) would hopefully produce some stocks with rising earnings estimates.
For even more value characteristics, the Zacks Style Score of A, the top score, could be added to the screen.
This very narrow screen, which is designed to find the ultimate value stocks.
It returned just 8 companies.
Who are these rare companies?
3 Ultimate Value Stocks Right Now
1. Meritage Homes Corporation (MTH - Free Report) recently reported earnings and saw a record second quarter with revenue up 20%. Even though shares are up 66% year-to-date, they’re still cheap. Meritage trades with a forward P/E of 10.8 and has a PEG of 0.6.
2.Canadian Solar Inc. (CSIQ - Free Report) has been cheap all year. This Zacks Rank #2 (Buy) trades with a forward P/E of just 8.8. Earnings are expected to be up 25% year-over-year which has resulted in a PEG ratio of just 0.3.
3. Office Depot, Inc. (ODP - Free Report) saw sales fall 17% in the difficult second quarter. It operates 1300 stores. But it also began selling PPE to businesses which boosted business. Shares are dirt cheap, with a forward P/E of just 4.7 and a Price-to-Sales ratio of only 0.1.
What else should you know about finding the ultimate value stocks right now?
Tune into this 200th episode of the podcast to find out.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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/performancefor information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: Bank of America, JPMorgan Chase, Meritage Homes, Canadian Solar and Office Depot
For Immediate Release
Chicago, IL – August 7, 2020 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Screening for Ultimate Value Stocks
Welcome to Episode #200 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
200 episodes!
Thanks for tuning in over all these years to find out about value stocks.
With the stock market still hitting new highs nearly daily, ARE there any value stocks out there?
Warren Buffett Buys More Bank Shares
Warren Buffett’s Berkshire Hathaway loves the banks. It has owned some for years.
Recently, we learned that Berkshire had bought more shares of its largest bank holding, Bank of America Corporation (BAC - Free Report) .
It also owns JPMorgan Chase & Co. (JPM - Free Report) , another favorite on the Street.
Banks are really out of favor by investors, which makes them prime candidates to be value stocks. But are banks the only “cheap” stocks out there?
Screening for the Ultimate Value Stocks
If you’re going to buy value right now, why not buy companies that are cheap across all value fundamentals?
That would be a company with low P/E, P/S, PEG and P/B ratios. You could also add on low P/Cash Flow for even more firepower.
Additionally, adding the Zacks Ranks of #1 (Strong Buy) or #2 (Buy) would hopefully produce some stocks with rising earnings estimates.
For even more value characteristics, the Zacks Style Score of A, the top score, could be added to the screen.
This very narrow screen, which is designed to find the ultimate value stocks.
It returned just 8 companies.
Who are these rare companies?
3 Ultimate Value Stocks Right Now
1. Meritage Homes Corporation (MTH - Free Report) recently reported earnings and saw a record second quarter with revenue up 20%. Even though shares are up 66% year-to-date, they’re still cheap. Meritage trades with a forward P/E of 10.8 and has a PEG of 0.6.
2.Canadian Solar Inc. (CSIQ - Free Report) has been cheap all year. This Zacks Rank #2 (Buy) trades with a forward P/E of just 8.8. Earnings are expected to be up 25% year-over-year which has resulted in a PEG ratio of just 0.3.
3. Office Depot, Inc. (ODP - Free Report) saw sales fall 17% in the difficult second quarter. It operates 1300 stores. But it also began selling PPE to businesses which boosted business. Shares are dirt cheap, with a forward P/E of just 4.7 and a Price-to-Sales ratio of only 0.1.
What else should you know about finding the ultimate value stocks right now?
Tune into this 200th episode of the podcast to find out.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/performance
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/performancefor information about the performance numbers displayed in this press release.