We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: ACM Research, Deere & Co, EnPro Industries, iRobot and Crown Holdings
Read MoreHide Full Article
For Immediate Release
Chicago, IL – March 3, 2021 – 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: ACM Research, Inc. (ACMR - Free Report) , Deere & Company (DE - Free Report) , EnPro Industries, Inc. (NPO - Free Report) , iRobot Corporation (IRBT - Free Report) and Crown Holdings, Inc. (CCK - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Stocks to Buy Amid Combined Expansion in Manufacturing
The manufacturing sector in the United States has been continuing steady expansion since the COVID-induced slump toward the earlier part of last year. Notably, per the latest report by the Institute for Supply Management ("ISM"), the manufacturing purchasing managers' index ("PMI") for February was reported at 60.8%, compared to the reading of 58.7% in January.
This marked the ninth successive month of expansion following the contractions witnessed in March, April and May last year. Moreover, this equaled the highest reading since February 2018 when the manufacturing PMI was also reported at 60.8%.
Other indexes within the PMI that witnessed growth in February include the New Orders Index, which was reported at 64.8% compared to 61.1% in January. In fact, the index saw nine consecutive months of gains. Meanwhile, the Production Index increased to 63.2% in February, rising from the January reading of 60.7%. The Employment Index also saw expansion to 54.4% in February compared to a reading of 52.6% in January.
Notably, the availability of vaccines is instrumental in complete resumption of economic activities, which in turn, is sure to give a leg up to manufacturing. Toward that end, the United States received its third vaccine for emergency use. Notably, Johnson & Johnson stated in a press release that the U.S. Centers for Disease Control and Prevention's Advisory Committee recommended its single-shot COVID-19 vaccine under the emergency use authorization issued by the FDA.
The company further mentioned in the press release that by the end of March, it expects to deliver enough vaccines to enable the full vaccination of more than 20 million people in the country. Moreover, the company expects to deliver 100 million doses of the vaccine during the first half of 2021.
Meanwhile, a fresh round of fiscal stimulus should also provide a boost to the economy and in turn, the manufacturing sector as it constitutes a major portion of the broader economic activity. Notably, President Joe Biden's $1.9-trillion fiscal relief bill was passed by the U.S. House of Representatives on Feb 27 and it has now moved to the Senate.
Moreover, the U.S. Federal Reserve Chairman Jerome Powell stated in his testimony before the Senate Banking Committee last week that the Fed is committed to use its full range of tools to provide support to the economy. Such positive developments are sure to bolster manufacturing as the economy begins to gradually resume all activities.
In fact, the Congressional Budget Office stated that the U.S. economy is expected to grow 4.6% in 2021, following a contraction of 3.5% in 2020, as quoted in a Reuters article.
5 Top Stocks to Buy Now
The U.S. manufacturing sector has maintained a good run for nine consecutive months as it continues to recover strongly from the pandemic-induced slump witnessed during the early part of last year. Moreover, an increased availability of vaccines as well as a fresh round of fiscal stimulus and the Fed's commitment to provide support to the economy bode well for the manufacturing sector.
This makes it a good time to invest in industrial stocks that can make the most of this robust rebound. Notably, we have handpicked five such stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can seethe complete list of today's Zacks #1 Rank stocks here.
ACM Research, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has risen 12.3% over the past 60 days. The company's expected earnings growth rate for the current year is 38.4%.
Deere & Co., together with its subsidiaries, manufactures and distributes various equipment worldwide. The company's Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors and so on. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved 21.5% north over the past 60 days. The company's expected earnings growth rate for the current year is 80.3%.
EnPro Industries designs, develops, manufactures, and markets engineered industrial products worldwide. The company operates in two segments, Sealing Products and Engineered Products. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has risen 64.6% over the past 60 days. The company's expected earnings growth rate for the current year is 12%.
iRobot designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 37.1% over the past 60 days. The company's expected earnings growth rate for next year is 70.1%.
Crown Holdings designs, manufactures and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has climbed 8% over the past 60 days. The company's expected earnings growth rate for the current year is 16.2%.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: ACM Research, Deere & Co, EnPro Industries, iRobot and Crown Holdings
For Immediate Release
Chicago, IL – March 3, 2021 – 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: ACM Research, Inc. (ACMR - Free Report) , Deere & Company (DE - Free Report) , EnPro Industries, Inc. (NPO - Free Report) , iRobot Corporation (IRBT - Free Report) and Crown Holdings, Inc. (CCK - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
5 Stocks to Buy Amid Combined Expansion in Manufacturing
The manufacturing sector in the United States has been continuing steady expansion since the COVID-induced slump toward the earlier part of last year. Notably, per the latest report by the Institute for Supply Management ("ISM"), the manufacturing purchasing managers' index ("PMI") for February was reported at 60.8%, compared to the reading of 58.7% in January.
This marked the ninth successive month of expansion following the contractions witnessed in March, April and May last year. Moreover, this equaled the highest reading since February 2018 when the manufacturing PMI was also reported at 60.8%.
Other indexes within the PMI that witnessed growth in February include the New Orders Index, which was reported at 64.8% compared to 61.1% in January. In fact, the index saw nine consecutive months of gains. Meanwhile, the Production Index increased to 63.2% in February, rising from the January reading of 60.7%. The Employment Index also saw expansion to 54.4% in February compared to a reading of 52.6% in January.
Notably, the availability of vaccines is instrumental in complete resumption of economic activities, which in turn, is sure to give a leg up to manufacturing. Toward that end, the United States received its third vaccine for emergency use. Notably, Johnson & Johnson stated in a press release that the U.S. Centers for Disease Control and Prevention's Advisory Committee recommended its single-shot COVID-19 vaccine under the emergency use authorization issued by the FDA.
The company further mentioned in the press release that by the end of March, it expects to deliver enough vaccines to enable the full vaccination of more than 20 million people in the country. Moreover, the company expects to deliver 100 million doses of the vaccine during the first half of 2021.
Meanwhile, a fresh round of fiscal stimulus should also provide a boost to the economy and in turn, the manufacturing sector as it constitutes a major portion of the broader economic activity. Notably, President Joe Biden's $1.9-trillion fiscal relief bill was passed by the U.S. House of Representatives on Feb 27 and it has now moved to the Senate.
Moreover, the U.S. Federal Reserve Chairman Jerome Powell stated in his testimony before the Senate Banking Committee last week that the Fed is committed to use its full range of tools to provide support to the economy. Such positive developments are sure to bolster manufacturing as the economy begins to gradually resume all activities.
In fact, the Congressional Budget Office stated that the U.S. economy is expected to grow 4.6% in 2021, following a contraction of 3.5% in 2020, as quoted in a Reuters article.
5 Top Stocks to Buy Now
The U.S. manufacturing sector has maintained a good run for nine consecutive months as it continues to recover strongly from the pandemic-induced slump witnessed during the early part of last year. Moreover, an increased availability of vaccines as well as a fresh round of fiscal stimulus and the Fed's commitment to provide support to the economy bode well for the manufacturing sector.
This makes it a good time to invest in industrial stocks that can make the most of this robust rebound. Notably, we have handpicked five such stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
ACM Research, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has risen 12.3% over the past 60 days. The company's expected earnings growth rate for the current year is 38.4%.
Deere & Co., together with its subsidiaries, manufactures and distributes various equipment worldwide. The company's Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors and so on. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved 21.5% north over the past 60 days. The company's expected earnings growth rate for the current year is 80.3%.
EnPro Industries designs, develops, manufactures, and markets engineered industrial products worldwide. The company operates in two segments, Sealing Products and Engineered Products. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has risen 64.6% over the past 60 days. The company's expected earnings growth rate for the current year is 12%.
iRobot designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company currently has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved up 37.1% over the past 60 days. The company's expected earnings growth rate for next year is 70.1%.
Crown Holdings designs, manufactures and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has climbed 8% over the past 60 days. The company's expected earnings growth rate for the current year is 16.2%.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.