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This Week's Hidden Gems: (JCOM)(MIDD)
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: j2 Global, Inc. and Middleby Corporation (MIDD - Free Report) .
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.
j2 Global, a Los Angeles-based digital media company, is a free cash flow generating machine. It expects to free cash flow to be $250 million 2016. It also has $407 million cash and investments on hand to make some big acquisitions.
It rewards shareholders as it just recently raised its dividend by 3%.
Middleby, a hot-side foodservice equipment supplier, is expecting strong growth in its international business in the second half of 2016. Food processing also remains strong.
Analysts have been raising 2016 and 2017 estimates on both companies. j2 Global is expected to grow earnings by 74% while Middleby is forecast to see 23% earnings growth this year.
But what else should investors take away from these two companies? Watch our short video below to learn more about these hidden gems.