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 InterContinental Hotels Group, Sportradar Group, OneSpaWorld Holdings and Six Flags Entertainment
Read MoreHide Full Article
For Immediate Release
Chicago, IL – February 15, 2023 – 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: InterContinental Hotels Group PLC (IHG - Free Report) , Sportradar Group AG (SRAD - Free Report) , OneSpaWorld Holdings Ltd. (OSW - Free Report) and Six Flags Entertainment Corp. (SIX - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Solid Stocks to Buy on Improving Consumer Sentiment
U.S. consumer sentiment has been improving as recent data has indicated easing inflation over the past three months. Soaring inflation has compelled people to spend cautiously and the Fed's aggressive rate hike policy has been igniting fears of a recession.
However, the apprehensions have been waning lately, with commodity prices showing signs of cooling, which has been giving a boost to consumer sentiment. Given this scenario, stocks like InterContinental Hotels Group PLC, Sportradar Group AG, OneSpaWorld Holdings Ltd.and Six Flags Entertainment Corp. are likely to benefit in the near term.
Consumer Sentiment Rebounding
The University of Michigan's preliminary February reading of the consumer sentiment index increased to 66.4 from January's reading of 64.9. This is the index's highest reading since January 2022.
January's consumer sentiment reading also came in higher than economists' expectations of 65.0.
The index measuring current economic conditions also increased to 72.6 in February from 68.4 in January, indicating a significant improvement in consumers' views of the state of the economy.
Understandably, consumers are more optimistic about the economy right now. The consumer sentiment index hit a low of 50.0 in June 2022 and has since rebounded substantially. Colling commodity prices have brought in a sigh of relief for consumers. Also, data shows that inflation has been easing over the past three months.
The rally in the stock market and the ongoing strength of the labor market may have spurred the improvement in consumer sentiment. This has raised hopes that the economy may have a softer landing in 2023 and ultimately avoid slipping into recession.
Also, the U.S. GDP grew 2.9% in the fourth quarter for the second consecutive quarter. Besides, the Fed increased interest rates by 25 basis points in February after increasing them by 50 basis points in December. These came after the central bank hiked interest rates by 75 basis points for the fourth time last year.
The two-consecutive lower rate hikes are an indication that the Fed also believes that inflation is easing and it can now achieve its target level with smaller rate increases. Also, a record number of jobs were added to the economy in January and wages are still on the rise, which is giving people the power to purchase.
InterContinental Hotels Group PLC offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. IHG has franchises and also leaves hotels in Europe, Asia, the Americas, the Middle East, Africa, and Greater China.
InterContinental Hotels Group's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 2.5% over the past 60 days. IHG currently carries a Zacks Rank #2.
Sportradar Group AG is a provider of sports betting and sports entertainment products and services. SRAD is based in New York.
Sportradar Group's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 6.3% over the past 60 days. SRAD presently has a Zacks Rank #2.
OneSpaWorld Holdings Ltd. is a provider and innovator in the fields of wellness, beauty, rejuvenation and transformation on cruise ships and on land. OSW's service includes traditional and alternative massage, body and skincare treatment options, ayurvedic treatments, comprehensive hair and nail services, fitness, acupuncture, herbal medicine, pain management and medi-spa.
OneSpaWorld Holdings Limited expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 38.9% over the past 90 days. OSW currently sports a Zacks Rank #1.
Six Flags Entertainment Corp. owns and operates regional parks. SIX has parks comprising theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets.
Six Flags Entertainment's expected earnings growth rate for next year is 41.2%. Shares of SIX have gained 20.9% over the past three months. Currently, SIX has a Zacks Rank #2.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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 InterContinental Hotels Group, Sportradar Group, OneSpaWorld Holdings and Six Flags Entertainment
For Immediate Release
Chicago, IL – February 15, 2023 – 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: InterContinental Hotels Group PLC (IHG - Free Report) , Sportradar Group AG (SRAD - Free Report) , OneSpaWorld Holdings Ltd. (OSW - Free Report) and Six Flags Entertainment Corp. (SIX - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Solid Stocks to Buy on Improving Consumer Sentiment
U.S. consumer sentiment has been improving as recent data has indicated easing inflation over the past three months. Soaring inflation has compelled people to spend cautiously and the Fed's aggressive rate hike policy has been igniting fears of a recession.
However, the apprehensions have been waning lately, with commodity prices showing signs of cooling, which has been giving a boost to consumer sentiment. Given this scenario, stocks like InterContinental Hotels Group PLC, Sportradar Group AG, OneSpaWorld Holdings Ltd.and Six Flags Entertainment Corp. are likely to benefit in the near term.
Consumer Sentiment Rebounding
The University of Michigan's preliminary February reading of the consumer sentiment index increased to 66.4 from January's reading of 64.9. This is the index's highest reading since January 2022.
January's consumer sentiment reading also came in higher than economists' expectations of 65.0.
The index measuring current economic conditions also increased to 72.6 in February from 68.4 in January, indicating a significant improvement in consumers' views of the state of the economy.
Understandably, consumers are more optimistic about the economy right now. The consumer sentiment index hit a low of 50.0 in June 2022 and has since rebounded substantially. Colling commodity prices have brought in a sigh of relief for consumers. Also, data shows that inflation has been easing over the past three months.
The rally in the stock market and the ongoing strength of the labor market may have spurred the improvement in consumer sentiment. This has raised hopes that the economy may have a softer landing in 2023 and ultimately avoid slipping into recession.
Also, the U.S. GDP grew 2.9% in the fourth quarter for the second consecutive quarter. Besides, the Fed increased interest rates by 25 basis points in February after increasing them by 50 basis points in December. These came after the central bank hiked interest rates by 75 basis points for the fourth time last year.
The two-consecutive lower rate hikes are an indication that the Fed also believes that inflation is easing and it can now achieve its target level with smaller rate increases. Also, a record number of jobs were added to the economy in January and wages are still on the rise, which is giving people the power to purchase.
Our Choices
Given this scenario, it would be wise to invest in these four stocks. Each of the stocks carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
InterContinental Hotels Group PLC offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. IHG has franchises and also leaves hotels in Europe, Asia, the Americas, the Middle East, Africa, and Greater China.
InterContinental Hotels Group's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 2.5% over the past 60 days. IHG currently carries a Zacks Rank #2.
Sportradar Group AG is a provider of sports betting and sports entertainment products and services. SRAD is based in New York.
Sportradar Group's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 6.3% over the past 60 days. SRAD presently has a Zacks Rank #2.
OneSpaWorld Holdings Ltd. is a provider and innovator in the fields of wellness, beauty, rejuvenation and transformation on cruise ships and on land. OSW's service includes traditional and alternative massage, body and skincare treatment options, ayurvedic treatments, comprehensive hair and nail services, fitness, acupuncture, herbal medicine, pain management and medi-spa.
OneSpaWorld Holdings Limited expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 38.9% over the past 90 days. OSW currently sports a Zacks Rank #1.
Six Flags Entertainment Corp. owns and operates regional parks. SIX has parks comprising theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets.
Six Flags Entertainment's expected earnings growth rate for next year is 41.2%. Shares of SIX have gained 20.9% over the past three months. Currently, SIX has a Zacks Rank #2.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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.