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This Week's Hidden Gems: (INGR)(NTRI)
Great investing opportunities exist everywhere in the stock market. But how do you find them?
Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two hidden gems that might be worth a closer look at by investors: Ingredion (INGR - Free Report) and Nutrisystem .
Hidden gems are stocks that are followed only by a handful of Wall Street analysts and which the rest of the stock market doesn’t pay much attention to but they should because their fundamentals are strong.
Ingredion, the food ingredient manufacturer, just beat and raised guidance. Nutrisystem, which we all know from its diet plans and celebrity endorsers, also beat in the second quarter and is still seeing strong demand as revenue per customer continues to grow.
Analysts have been raising 2016 and 2017 estimates on both companies. Earnings are expected to grow by the double digits in 2016.
But what else should investors take away from these two companies? Watch our short video below to learn more about these hidden gems.