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With stocks searching for bottoms here, it’s really beginning to temp the value seekers. The Tuesday morning low could prove to be the swing low of the market here in November. That could potentially lead to a Santa Claus Rally that has the shorts running up the chimney. Rather than blindly buying the dip, I’m looking for stocks which have positive earnings estimate revisions coming from analysts. They always know more than the average Joe. If they are pushing up their estimates on a stock, maybe there’s something good coming around the corner.
One stock with positive earnings momentum is today’s Bull of the Day, Shenandoah (SHEN - Free Report) . Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio. It offers integrated voice, video, and data communications services. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
Currently, Shenandoah is a Zacks Rank #1 (Strong Buy) in an industry that ranks in the Top 25% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is the series of earnings estimate revisions to the upside coming from analysts. Over the last thirty days, two analysts have increased their estimates for the current quarter and current year. The bullish sentiment has pushed up our Zack Consensus Estimate for the current quarter from 14 cents to 26 cents while the current year number has gone from 55 cents to 81 cents.
The bullish revisions have helped underpin a strong move in the stock. Prior to its last earnings report, SHEN was trading down under $36. A solid beat, coupled with estimate revisions to the upside, have shot the stock up over $48. All this has been taking place while the broad market has come under serious pressure.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Bull of the Day: Shenandoah (SHEN)
With stocks searching for bottoms here, it’s really beginning to temp the value seekers. The Tuesday morning low could prove to be the swing low of the market here in November. That could potentially lead to a Santa Claus Rally that has the shorts running up the chimney. Rather than blindly buying the dip, I’m looking for stocks which have positive earnings estimate revisions coming from analysts. They always know more than the average Joe. If they are pushing up their estimates on a stock, maybe there’s something good coming around the corner.
One stock with positive earnings momentum is today’s Bull of the Day, Shenandoah (SHEN - Free Report) . Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio. It offers integrated voice, video, and data communications services. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
Currently, Shenandoah is a Zacks Rank #1 (Strong Buy) in an industry that ranks in the Top 25% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is the series of earnings estimate revisions to the upside coming from analysts. Over the last thirty days, two analysts have increased their estimates for the current quarter and current year. The bullish sentiment has pushed up our Zack Consensus Estimate for the current quarter from 14 cents to 26 cents while the current year number has gone from 55 cents to 81 cents.
The bullish revisions have helped underpin a strong move in the stock. Prior to its last earnings report, SHEN was trading down under $36. A solid beat, coupled with estimate revisions to the upside, have shot the stock up over $48. All this has been taking place while the broad market has come under serious pressure.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>