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The Zacks Analyst Blog Highlights: United Natural Foods, The Boston Beer Company, DaVita, Owens & Minor and Primo Water Corp
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For Immediate Release
Chicago, IL – November 3, 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: United Natural Foods, Inc. (UNFI - Free Report) , The Boston Beer Company, Inc. (SAM - Free Report) , DaVita Inc. (DVA - Free Report) , Owens & Minor, Inc. (OMI - Free Report) and Primo Water Corp. (PRMW - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Stocks to Sail Through Election Uncertainties
With the U.S. Presidential election just a day away, investors are ignoring strong quarterly earnings reports and focusing on the uncertainties arising from escalating coronavirus cases across Europe and America. For the week ending Oct 30, the Dow, the S&P 500 and the Nasdaq declined 6.5%, 5.6% and 5.5%, respectively. This marks the Dow’s biggest weekly and monthly decline since March and the worst week for the S&P 500 and the Nasdaq since March.
Virus & Election
Firstly, addressing the coronavirus outbreak has been quite a challenge. New COVID-19 cases spiked over the past weeks, raising concerns among investors and compelling countries, especially in Europe, to reimpose lockdown measures. Similarly, cases have been climbing in all states across America with the death toll crossing 230,000 on the last day of October. Per a MarketWatch report, the United States has averaged 79,833 cases a day, up 42% from the average two weeks ago, as of Oct 31. And on Oct 30, the country recorded 101,461 new cases in a single day.
Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, in a CNBC interview stated that “the epidemic is accelerating across the country” and citizens are now “at the beginning of the steep part of the epidemic curve.” He also said that in case the numbers keep climbing, December will be “the toughest month.”
France and Germany re-entered lockdown after a massive second wave of coronavirus infection threatened the two largest economies of Europe. People in France have been restricted from stepping out, except to buy essential goods or seek medical attention. In fact, employees are to work from home mostly, with exceptions if the employers deem that it is impossible to work remotely.
Germany, which plans to lockdown from Nov 2 to 30, has agreed to keep schools open and allow shops to operate under strict regulations. However, bars, restaurants and theaters are expected to remain shut.
Along with the dramatic rise in coronavirus cases, the Nov 3 election also leaves investors shaken. The Donald Trump verses Joe Biden polls are not only influencing the economy but are also putting stocks on a rollercoaster ride. The election is crucial for stock markets as one who holds the majority control can make key changes in policies and that include the much-needed stimulus package, which has been delayed since August.
5 Stocks to Play Safe
Given the current scenario, rise in coronavirus cases and uncertainties revolving around the U.S. Presidential election, markets might stay volatile for some time. In such a case, stocks from consumer staples, utilities and healthcare are considered safe or defensive.
Consumer staples, utilities and healthcare sectors deal in products and services that cater to basic needs and are in demand even during market gyrations. In fact, the pandemic has forced people to stay at home, keeping requirements for essential items like food and medicines intact. Here are five stocks that flaunt a Zacks Rank #1 (Strong Buy) and may return well on investment. You can see the complete list of today’s Zacks #1 Rank stocks here.
United Natural Foods distributes natural, organic, specialty, produce, and conventional grocery and non-food products. The company’s expected earnings growth rate for the current year is 26.5% compared with the Zacks Food - Miscellaneous industry’s projected earnings growth of 7.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised more than 100% upward over the past 60 days.
The Boston Beer Company produces and sells alcohol beverages. The company’s expected earnings growth rate for the current year is 63% against the Zacks Beverages - Alcohol industry’s projected earnings decline of 0.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 26.7% upward over the past 60 days.
DaVita provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease. The company’s expected earnings growth rate for the current year is 27.8% against the Zacks Medical - Outpatient and Home Healthcare industry’s projected earnings decline of 1.8%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 2.2% upward over the past 60 days.
Owens & Minor operates as a healthcare solutions company. The company’s expected earnings growth rate for the current year is more than 100% compared with the Zacks Medical - Products industry’s projected earnings growth of 11.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 66.4% upward over the past 60 days.
Primo Water Corp provides home and office bottled water delivery and water filtration services. The company’s expected earnings growth rate for the current quarter is more than 100% compared with the Zacks Utility - Water Supply industry’s projected earnings growth of nearly 11%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.2% upward over the past 90 days.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: United Natural Foods, The Boston Beer Company, DaVita, Owens & Minor and Primo Water Corp
For Immediate Release
Chicago, IL – November 3, 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: United Natural Foods, Inc. (UNFI - Free Report) , The Boston Beer Company, Inc. (SAM - Free Report) , DaVita Inc. (DVA - Free Report) , Owens & Minor, Inc. (OMI - Free Report) and Primo Water Corp. (PRMW - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Stocks to Sail Through Election Uncertainties
With the U.S. Presidential election just a day away, investors are ignoring strong quarterly earnings reports and focusing on the uncertainties arising from escalating coronavirus cases across Europe and America. For the week ending Oct 30, the Dow, the S&P 500 and the Nasdaq declined 6.5%, 5.6% and 5.5%, respectively. This marks the Dow’s biggest weekly and monthly decline since March and the worst week for the S&P 500 and the Nasdaq since March.
Virus & Election
Firstly, addressing the coronavirus outbreak has been quite a challenge. New COVID-19 cases spiked over the past weeks, raising concerns among investors and compelling countries, especially in Europe, to reimpose lockdown measures. Similarly, cases have been climbing in all states across America with the death toll crossing 230,000 on the last day of October. Per a MarketWatch report, the United States has averaged 79,833 cases a day, up 42% from the average two weeks ago, as of Oct 31. And on Oct 30, the country recorded 101,461 new cases in a single day.
Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, in a CNBC interview stated that “the epidemic is accelerating across the country” and citizens are now “at the beginning of the steep part of the epidemic curve.” He also said that in case the numbers keep climbing, December will be “the toughest month.”
France and Germany re-entered lockdown after a massive second wave of coronavirus infection threatened the two largest economies of Europe. People in France have been restricted from stepping out, except to buy essential goods or seek medical attention. In fact, employees are to work from home mostly, with exceptions if the employers deem that it is impossible to work remotely.
Germany, which plans to lockdown from Nov 2 to 30, has agreed to keep schools open and allow shops to operate under strict regulations. However, bars, restaurants and theaters are expected to remain shut.
Along with the dramatic rise in coronavirus cases, the Nov 3 election also leaves investors shaken. The Donald Trump verses Joe Biden polls are not only influencing the economy but are also putting stocks on a rollercoaster ride. The election is crucial for stock markets as one who holds the majority control can make key changes in policies and that include the much-needed stimulus package, which has been delayed since August.
5 Stocks to Play Safe
Given the current scenario, rise in coronavirus cases and uncertainties revolving around the U.S. Presidential election, markets might stay volatile for some time. In such a case, stocks from consumer staples, utilities and healthcare are considered safe or defensive.
Consumer staples, utilities and healthcare sectors deal in products and services that cater to basic needs and are in demand even during market gyrations. In fact, the pandemic has forced people to stay at home, keeping requirements for essential items like food and medicines intact. Here are five stocks that flaunt a Zacks Rank #1 (Strong Buy) and may return well on investment. You can see the complete list of today’s Zacks #1 Rank stocks here.
United Natural Foods distributes natural, organic, specialty, produce, and conventional grocery and non-food products. The company’s expected earnings growth rate for the current year is 26.5% compared with the Zacks Food - Miscellaneous industry’s projected earnings growth of 7.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised more than 100% upward over the past 60 days.
The Boston Beer Company produces and sells alcohol beverages. The company’s expected earnings growth rate for the current year is 63% against the Zacks Beverages - Alcohol industry’s projected earnings decline of 0.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 26.7% upward over the past 60 days.
DaVita provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease. The company’s expected earnings growth rate for the current year is 27.8% against the Zacks Medical - Outpatient and Home Healthcare industry’s projected earnings decline of 1.8%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 2.2% upward over the past 60 days.
Owens & Minor operates as a healthcare solutions company. The company’s expected earnings growth rate for the current year is more than 100% compared with the Zacks Medical - Products industry’s projected earnings growth of 11.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 66.4% upward over the past 60 days.
Primo Water Corp provides home and office bottled water delivery and water filtration services. The company’s expected earnings growth rate for the current quarter is more than 100% compared with the Zacks Utility - Water Supply industry’s projected earnings growth of nearly 11%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.2% upward over the past 90 days.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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/performance for information about the performance numbers displayed in this press release.