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Nu Skin, AZZ, Regal Beloit and Rexnord highlighted as Zacks Bull and Bear of the Day
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For Immediate Release
Chicago, IL – August 20, 2020 – Zacks Equity Research Shares of Nu Skin Enterprises, Inc. (NUS - Free Report) as the Bull of the Day, AZZ Inc. (AZZ - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Regal Beloit Corporation (RBC - Free Report) and Rexnord Corporation .
All-time highs are something to rejoice about. What’s not to love about it? Stocks are pushing up to astronomical levels, 401ks and IRAs are bursting at the seams, and the overall feel on Wall Street is as bullish as can be. Don’t get too excited and just start buying everything you can with four letters. Eventually, the optimism is going to subside and the cream will rise to the top.
One way to make sure you’re betting on the right horse is by leaning on the power of the Zacks Rank. Stocks which are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) are backed up with solid earnings trends. By investing in stocks with solid earnings, you can tilt the long-term odds of the market in your favor.
Today’s Bull of the Day is one of these stocks, Nu Skin Enterprises. Nu Skin Enterprises, Inc. develops and distributes personal care and wellness products worldwide. It provides skin care systems, including ageLOC Me customized skin care and ageLOC Spa systems, and ageLOC LumiSpa skin treatment and cleansing devices; and Epoch products comprising botanical ingredients derived from renewable sources, as well as a range of other cosmetic and personal care products.
The reason for the favorable Zacks Rank lies in the series of earnings estimate revisions coming from analysts. Over the last 30 days, five analysts have increased their estimates for the current year while five have also done so for next year. The impact on the Zacks Consensus Estimate has been very bullish. The current year number is up from $2.21 to $3.01, while next year’s number is up from $2.68 to $3.30.
While the stock has come off the lows down near $20 in March, earnings estimates have ticked higher as well. The company has also beat earnings for several quarters in a row, adding to the momentum.
The market has rallied dramatically off the lows. If you saw the headlines today, you’ll see not only the S&P 500 but the NASDAQ Composite are both at all-time highs. That means the broad market is rewarding investors. Eventually, there will be huge swaths of the market that come under pressure. Stocks without earnings to back up their prices will be in trouble. One way to avoid this is to look at stocks with strong Zacks Ranks. Those with weaker ranks have earnings which are moving in the wrong direction, down.
Today’s Bear of the Day is one of these stocks. I’m talking about Zacks Rank #5 (Strong Sell) AZZ. AZZ provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications. It offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment, and tubular products to multi-national companies and small independent companies.
The reason for the unfavorable rank is that estimates have come down. Over the last sixty days, the Zacks Consensus Estimate for the current year has come down from $2.83 to $2.52 while next year’s number is off from $3.38 to $3.30. These negative revisions have not completely eliminated the earnings growth for this year. Now there is a 7% contraction in earnings this year. The good news for long-term investors is that next year, earnings growth is supposed to return. Next year’s number is solid too, at 30.95% EPS growth. That’s on revenue growth of 7.34%.
Investors looking for other stocks within the Manufacturing - Electronics industry have a few options to inspect further. This industry is in the Top 21% of our Zacks Industry Rank. Both Regal Beloit and Rexnord are Zacks Rank #1 (Strong Buy) stocks.
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/performancefor information about the performance numbers displayed in this press release.
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Nu Skin, AZZ, Regal Beloit and Rexnord highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – August 20, 2020 – Zacks Equity Research Shares of Nu Skin Enterprises, Inc. (NUS - Free Report) as the Bull of the Day, AZZ Inc. (AZZ - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Regal Beloit Corporation (RBC - Free Report) and Rexnord Corporation .
Here is a synopsis of all four stocks:
Bull of the Day:
All-time highs are something to rejoice about. What’s not to love about it? Stocks are pushing up to astronomical levels, 401ks and IRAs are bursting at the seams, and the overall feel on Wall Street is as bullish as can be. Don’t get too excited and just start buying everything you can with four letters. Eventually, the optimism is going to subside and the cream will rise to the top.
One way to make sure you’re betting on the right horse is by leaning on the power of the Zacks Rank. Stocks which are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) are backed up with solid earnings trends. By investing in stocks with solid earnings, you can tilt the long-term odds of the market in your favor.
Today’s Bull of the Day is one of these stocks, Nu Skin Enterprises. Nu Skin Enterprises, Inc. develops and distributes personal care and wellness products worldwide. It provides skin care systems, including ageLOC Me customized skin care and ageLOC Spa systems, and ageLOC LumiSpa skin treatment and cleansing devices; and Epoch products comprising botanical ingredients derived from renewable sources, as well as a range of other cosmetic and personal care products.
The reason for the favorable Zacks Rank lies in the series of earnings estimate revisions coming from analysts. Over the last 30 days, five analysts have increased their estimates for the current year while five have also done so for next year. The impact on the Zacks Consensus Estimate has been very bullish. The current year number is up from $2.21 to $3.01, while next year’s number is up from $2.68 to $3.30.
While the stock has come off the lows down near $20 in March, earnings estimates have ticked higher as well. The company has also beat earnings for several quarters in a row, adding to the momentum.
Bear of the Day:
The market has rallied dramatically off the lows. If you saw the headlines today, you’ll see not only the S&P 500 but the NASDAQ Composite are both at all-time highs. That means the broad market is rewarding investors. Eventually, there will be huge swaths of the market that come under pressure. Stocks without earnings to back up their prices will be in trouble. One way to avoid this is to look at stocks with strong Zacks Ranks. Those with weaker ranks have earnings which are moving in the wrong direction, down.
Today’s Bear of the Day is one of these stocks. I’m talking about Zacks Rank #5 (Strong Sell) AZZ. AZZ provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, electrical, and nuclear applications. It offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment, and tubular products to multi-national companies and small independent companies.
The reason for the unfavorable rank is that estimates have come down. Over the last sixty days, the Zacks Consensus Estimate for the current year has come down from $2.83 to $2.52 while next year’s number is off from $3.38 to $3.30. These negative revisions have not completely eliminated the earnings growth for this year. Now there is a 7% contraction in earnings this year. The good news for long-term investors is that next year, earnings growth is supposed to return. Next year’s number is solid too, at 30.95% EPS growth. That’s on revenue growth of 7.34%.
Investors looking for other stocks within the Manufacturing - Electronics industry have a few options to inspect further. This industry is in the Top 21% of our Zacks Industry Rank. Both Regal Beloit and Rexnord are Zacks Rank #1 (Strong Buy) stocks.
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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/performancefor information about the performance numbers displayed in this press release.