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Zacks.com featured highlights Deere, Rockwell Automation, Cboe Global Markets and Alaska Air Group
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For Immediate Release
Chicago, IL – February 6, 2023 – Stocks in this week’s article are Deere & Co. (DE - Free Report) , Rockwell Automation, Inc. (ROK - Free Report) , Cboe Global Markets, Inc. (CBOE - Free Report) and Alaska Air Group, Inc. (ALK - Free Report) .
4 Stocks with Sales Growth for Guaranteed Returns in 2023
After a highly disappointing 2022, this year has started on a solid note. All three major indexes – the Dow, the S&P 500 and the Nasdaq Composite – ended the first month of 2023 in green. But to think the macroeconomic concerns have faded is wrong. While the recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably.
This has made investors wary about entering the stock market, as higher rates will likely lead to a recession/economic slowdown in 2023. Hence, a conventional stock-picking strategy is the need of the hour. One such way is selecting stocks with steady sales growth. In this regard, stocks like Deere & Co., Rockwell Automation, Inc., Cboe Global Markets, Inc. and Alaska Air Group, Inc. are worth considering.
While evaluating any company, revenues are often more scrutinized than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Steady or declining sales growth reflects obstacles at the company. Stagnant companies may generate profit in the near term but do not ensure enough growth to attract new investors.
Without robust revenue growth, bottom-line improvement may not be sustainable. While a company can show earnings strength by lowering costs, continued bottom-line expansion usually requires strong sales growth.
Yet, sales growth alone doesn’t show much about a company’s prospects. Hence, taking into account a company’s cash position along with its sales number can be a practical investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 16 stocks that qualified the screening:
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery under the iconic John Deere brand name. DE is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology.
Deere’s expected sales growth rate for 2023 is 13.5%. The stock carries a Zacks Rank #2 at present.
Rockwell Automation, based in Milwaukee, WI, provides industrial automation and information solutions worldwide. ROK has a wide network spanning more than 100 countries.
Rockwell Automation’s expected sales growth rate for fiscal 2023 is 10.9%. The stock currently carries a Zacks Rank #2.
Chicago-based Cboe is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. CBOE offers trading across a diverse range of products in multiple asset classes and geographies.
Cboe’s sales are expected to rise 4.4% in 2023. The stock carries a Zacks Rank #2 at present.
Alaska Air, based in Seattle, WA, serves more than 120 cities across North America. ALK’s mainline operating fleet includes 177 B737 jet aircraft and 40 Airbus A320 family jets.
Alaska Air’s expected sales growth for 2023 is 9.8%. The company, at present, carries a Zacks Rank #2.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights Deere, Rockwell Automation, Cboe Global Markets and Alaska Air Group
For Immediate Release
Chicago, IL – February 6, 2023 – Stocks in this week’s article are Deere & Co. (DE - Free Report) , Rockwell Automation, Inc. (ROK - Free Report) , Cboe Global Markets, Inc. (CBOE - Free Report) and Alaska Air Group, Inc. (ALK - Free Report) .
4 Stocks with Sales Growth for Guaranteed Returns in 2023
After a highly disappointing 2022, this year has started on a solid note. All three major indexes – the Dow, the S&P 500 and the Nasdaq Composite – ended the first month of 2023 in green. But to think the macroeconomic concerns have faded is wrong. While the recent economic data point to the effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably.
This has made investors wary about entering the stock market, as higher rates will likely lead to a recession/economic slowdown in 2023. Hence, a conventional stock-picking strategy is the need of the hour. One such way is selecting stocks with steady sales growth. In this regard, stocks like Deere & Co., Rockwell Automation, Inc., Cboe Global Markets, Inc. and Alaska Air Group, Inc. are worth considering.
While evaluating any company, revenues are often more scrutinized than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an expanding customer base. Steady or declining sales growth reflects obstacles at the company. Stagnant companies may generate profit in the near term but do not ensure enough growth to attract new investors.
Without robust revenue growth, bottom-line improvement may not be sustainable. While a company can show earnings strength by lowering costs, continued bottom-line expansion usually requires strong sales growth.
Yet, sales growth alone doesn’t show much about a company’s prospects. Hence, taking into account a company’s cash position along with its sales number can be a practical investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 16 stocks that qualified the screening:
Illinois-based Deere is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery under the iconic John Deere brand name. DE is currently the world leader in precision agriculture and remains focused on revolutionizing agriculture with technology.
Deere’s expected sales growth rate for 2023 is 13.5%. The stock carries a Zacks Rank #2 at present.
Rockwell Automation, based in Milwaukee, WI, provides industrial automation and information solutions worldwide. ROK has a wide network spanning more than 100 countries.
Rockwell Automation’s expected sales growth rate for fiscal 2023 is 10.9%. The stock currently carries a Zacks Rank #2.
Chicago-based Cboe is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. CBOE offers trading across a diverse range of products in multiple asset classes and geographies.
Cboe’s sales are expected to rise 4.4% in 2023. The stock carries a Zacks Rank #2 at present.
Alaska Air, based in Seattle, WA, serves more than 120 cities across North America. ALK’s mainline operating fleet includes 177 B737 jet aircraft and 40 Airbus A320 family jets.
Alaska Air’s expected sales growth for 2023 is 9.8%. The company, at present, carries a Zacks Rank #2.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2049391/4-stocks-with-sales-growth-for-solid-returns-in-2023
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
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/performance for information about the performance numbers displayed in this press release.