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Callaway Golf (ELY) Shows Strength: Stock Adds 7% in Session

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Callaway Golf Company was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported encouraging first-quarter 2017 financial results wherein sales recorded double-digit growth as well as a significant increase in full-year earnings guidance. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 14% in the past one-month time frame.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Callaway Golf currently carries a Zacks Rank #2 (Buy).

Another top ranked stock from the Leisure - Recreation Products space is Marine Products Corporation (MPX - Free Report) , carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
    
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