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The Zacks Analyst Blog Highlights: JELD-WEN, Lennar Corp and Jabil
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For Immediate Release
Chicago, IL – November 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: JELD-WEN Holding, Inc. (JELD - Free Report) , Lennar Corporation (LEN - Free Report) and Jabil Inc. (JBL - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Freedom from Smoke: Zacks November Market Strategy
I open this month’s market strategy report with a few insightful charts. Bespoke Investment Group provided us two charts concerning this historic U.S. election. Our thanks go out to them.
First of all, since 1900, there’s never been a session of Congress with a Democratic President, a Republican Senate, and a Democratic House.
This is uncharted political territory, likely with hidden benefits.
The U.S. stock markets recognized that, straight away.
Second of all, U.S. election vote counts suggest that this U.S. election had the largest voter turnout in over 100 years, at 67%.
That’s truly laudable voter engagement.
The record turnout for this critical U.S. Presidential election should be cause for praise from overly cynical observers.
Voter participation hasn’t been this high since 1900.
Zacks November Sector/Industry/Company Telescope
Zacks Industry Ranks show us what happens when an earnings season goes much better than covering analysts expected.
I have five of the 10 S&P 500 sectors at Very Attractive in November.
One internationally exposed sector – Materials – led again. The other – Info Tech – came roaring back. Think Steel, Paper, Semis, Computer Software, and Building Products/Construction Materials.
Consumer Discretionary and the Financial sectors made surprise appearances in the Very Attractive category this month.
Retail sales are staying quite strong. The Banking system is getting less worried about loan losses. Stock values are holding up.
The bottom dweller this month: Energy. But the Drillers are looking good.
Is an oil price bottom truly in here? Are the solar plays overbought? I think so.
What to make of Consumer Staples, Telcos, and Utilities? Passé this month.
(1) Materials stays Very Attractive.
The top industries this month are...
· Steel,
· Paper,
· Building Products/Construction Materials,
· Metals Non-Ferrous (Gold and Silver miners) and look great again.
Top Zacks #2 Rank (BUY) stock: JELDWEN
(2) Industrials rose to Very Attractive from Attractive.
The top industries this month are...
· Construction Building-Services,
· Airlines, and
· Metal Fabricating were the top industries.
Top Zacks #1 Rank (STRONG BUY) stock: Lennar
(3) Info Tech rose to Very Attractive from Unattractive.
The top industries this month are...
· Misc. Tech,
· the Semis, and
· Computer Software-Services are HOT.
· Electronics looks good too.
Top Zacks #1 Rank (STRONG BUY) stock: Jabil
(4) Consumer Discretionary rose to Very Attractive from Market Weight.
· Apparel,
· Other Cons. Disc. and
· Home Furnishing-Appliances lead.
· Autos/Tires/Trucks solid.
(5) Financials, surprisingly, rose to Very Attractive from Unattractive.
· Investment Funds are best, but
· Banks & Thrifts and
· Investment Banking look good too. Loan loss provisioning has fallen. That is likely a big factor.
(6) Health Care stayed modestly Attractive. Medical Products led. All groups solid.
(7) Consumer Staples fell back to Market Weight from Attractive. Consumer Product-Misc. Staples, & Agribusiness are the two most attractive industries.
(8) Communications Services fell to Market Weight from Very Attractive. Utility-Telephone was a strong spot.
(9) Utilities stay at Market Weight.
(10) Energy fell to Unattractive from Market Weight. Oil & Gas Drilling is the exception.
Conclusion
As to my title this month?
Freedom from Smoke…
Cynicism is a striking school of thought in ancient Greek philosophy, practiced by the Cynics.
Cynicism claimed to offer people the possibility of happiness and freedom from suffering in an age of uncertainty.
For the Cynics, the purpose of life is to live in virtue, in agreement with nature.
The goal of life is eudaimonia (or human flourishing) and mental clarity or lucidity.
Lucidity is literally "freedom from smoke” which signified false belief, mindlessness, folly and conceit.
I think that’s why – stock markets rallied so hard and fast – after the November 3rd U.S. Presidential election.
Happy Trading and Investing!
Regards,
John Blank
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that have beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
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: JELD-WEN, Lennar Corp and Jabil
For Immediate Release
Chicago, IL – November 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: JELD-WEN Holding, Inc. (JELD - Free Report) , Lennar Corporation (LEN - Free Report) and Jabil Inc. (JBL - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Freedom from Smoke: Zacks November Market Strategy
The following is an excerpt from Zacks Chief Strategist John Blank’s full Nov Market Strategy report To access the full PDF, click here
I open this month’s market strategy report with a few insightful charts. Bespoke Investment Group provided us two charts concerning this historic U.S. election. Our thanks go out to them.
First of all, since 1900, there’s never been a session of Congress with a Democratic President, a Republican Senate, and a Democratic House.
This is uncharted political territory, likely with hidden benefits.
The U.S. stock markets recognized that, straight away.
Second of all, U.S. election vote counts suggest that this U.S. election had the largest voter turnout in over 100 years, at 67%.
That’s truly laudable voter engagement.
The record turnout for this critical U.S. Presidential election should be cause for praise from overly cynical observers.
Voter participation hasn’t been this high since 1900.
Zacks November Sector/Industry/Company Telescope
Zacks Industry Ranks show us what happens when an earnings season goes much better than covering analysts expected.
I have five of the 10 S&P 500 sectors at Very Attractive in November.
One internationally exposed sector – Materials – led again. The other – Info Tech – came roaring back. Think Steel, Paper, Semis, Computer Software, and Building Products/Construction Materials.
Consumer Discretionary and the Financial sectors made surprise appearances in the Very Attractive category this month.
Retail sales are staying quite strong. The Banking system is getting less worried about loan losses. Stock values are holding up.
The bottom dweller this month: Energy. But the Drillers are looking good.
Is an oil price bottom truly in here? Are the solar plays overbought? I think so.
What to make of Consumer Staples, Telcos, and Utilities? Passé this month.
(1) Materials stays Very Attractive.
The top industries this month are...
· Steel,
· Paper,
· Building Products/Construction Materials,
· Metals Non-Ferrous (Gold and Silver miners) and look great again.
Top Zacks #2 Rank (BUY) stock: JELDWEN
(2) Industrials rose to Very Attractive from Attractive.
The top industries this month are...
· Construction Building-Services,
· Airlines, and
· Metal Fabricating were the top industries.
Top Zacks #1 Rank (STRONG BUY) stock: Lennar
(3) Info Tech rose to Very Attractive from Unattractive.
The top industries this month are...
· Misc. Tech,
· the Semis, and
· Computer Software-Services are HOT.
· Electronics looks good too.
Top Zacks #1 Rank (STRONG BUY) stock: Jabil
(4) Consumer Discretionary rose to Very Attractive from Market Weight.
· Apparel,
· Other Cons. Disc. and
· Home Furnishing-Appliances lead.
· Autos/Tires/Trucks solid.
(5) Financials, surprisingly, rose to Very Attractive from Unattractive.
· Investment Funds are best, but
· Banks & Thrifts and
· Investment Banking look good too. Loan loss provisioning has fallen. That is likely a big factor.
(6) Health Care stayed modestly Attractive. Medical Products led. All groups solid.
(7) Consumer Staples fell back to Market Weight from Attractive. Consumer Product-Misc. Staples, & Agribusiness are the two most attractive industries.
(8) Communications Services fell to Market Weight from Very Attractive. Utility-Telephone was a strong spot.
(9) Utilities stay at Market Weight.
(10) Energy fell to Unattractive from Market Weight. Oil & Gas Drilling is the exception.
Conclusion
As to my title this month?
Freedom from Smoke…
Cynicism is a striking school of thought in ancient Greek philosophy, practiced by the Cynics.
Cynicism claimed to offer people the possibility of happiness and freedom from suffering in an age of uncertainty.
For the Cynics, the purpose of life is to live in virtue, in agreement with nature.
The goal of life is eudaimonia (or human flourishing) and mental clarity or lucidity.
Lucidity is literally "freedom from smoke” which signified false belief, mindlessness, folly and conceit.
I think that’s why – stock markets rallied so hard and fast – after the November 3rd U.S. Presidential election.
Happy Trading and Investing!
Regards,
John Blank
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that have beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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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.