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The Zacks Analyst Blog Highlights: Mastercard, Raymond James Financial, Constellation Brands, Amphenol and Royal Caribbean Cruises
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For Immediate Release
Chicago, IL – October 03, 2017 – 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 Mastercard Inc. (NYSE:(MA - Free Report) – Free Report), Raymond James Financial, Inc. (NYSE:(RJF - Free Report) – Free Report), Constellation Brands, Inc. (NYSE:(STZ - Free Report) – Free Report), Amphenol Corporation (NYSE:(APH - Free Report) – Free Report) and Royal Caribbean Cruises Ltd. (NYSE:(RCL - Free Report) – Free Report).
Traditionally, October is the most volatile month for the broader market. The daily percentage change in the month is 1.44% compared with 1.08% for the other months. Historically, the period between the end of April and the end of October, had been the worst “six months” for the Dow and the S&P 500, while the period between June-end and October-end is considered the worst for the Nasdaq.
This bearish trend, however, hasn’t played out so far this year. All the major indices continued to scale record highs on improved corporate earnings, the chugging along of the U.S. economy and the rise in oil prices after the decline in the first half of the year. Oil prices moved north after major producers said that the global market was on its way toward tallying international demand-and-supply levels.
Hopes that President Trump is making strides with his new tax plans also overshadowed a slew of negative developments including catastrophic hurricanes, threats of war from North Korea and cyber breach at credit bureau Equifax.
Given such positives, the month of October is not likely to put an end to the bull market. Equities, moreover, have a reputation of maintaining gains as the fourth quarter is usually the strongest. This calls for investing in some rock-solid stocks this month for better gains.
Corporate Earnings Encourage
Total Q2 earnings for the S&P 500 index are up 11.1% from the same period last year on 5.5% higher revenues. This marked the second straight quarter of double-digit growth. Earnings growth is also expected to turn positive in Q3. Total Q3 earnings are poised to be up 3.2% from the same period last year on 5% higher revenues.
For the full year, total earnings for the S&P 500 are expected to be up 7.4% on 4.6% higher revenues, which would follow 0.7% earnings growth on 2.1% higher revenues in 2016 (read more: Start of the Q3 Earnings Season).
Economic Recovery Solid
Meanwhile, the U.S. GDP expanded 3.1% in the second quarter, the fastest in more than two years. It is also up slightly from a previously reported 3%. An uptick in consumer outlays and business investment drove the upside.
Increased spending on goods and services pushed consumer expenditure up 3.3% in the said quarter. Consumer spending – the biggest driver of the economy – picked up on higher income for consumers and low inflation.
Trump’s Tax Policy Proposals
Trump has urged Congress to move fast with the lowering of corporate taxes and had recently held a bipartisan group of House members at the White House to discuss a tax deal. He has been working on a major tax overhaul in more than three decades. Ever since 1986, the tax code hasn’t been restructured, when President Ronald Reagan along with a divided Congress broadened the tax base and slashed marginal tax rates.
Trump proposed a multi-trillion-dollar tax cut that would boost the U.S. economy and drive corporate profits. Such a tax cut included trimming of the business tax rate to 20% from 35%. Low corporate tax will benefit businesses of all sizes, as most of them will see the improvement in their bottom lines.
5 Top-Performing Stocks for October
October may be a rocky month for the stock market. But, as mentioned above, there are positives that may propel the broader markets. We have, thus, selected five stocks that have not only gained, traditionally during the rough trading month of October but also flaunt a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here is a closer look at them:
Mastercard Inc.(NYSE:(MA - Free Report) – Free Report) is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Zacks Consensus Estimate for its current-year earnings rose 1.4% over the last 60 days. The company’s expected growth rate for the current and next quarters are 13.2% and 27.7%, respectively.
Raymond James Financial, Inc.(NYSE:(RJF - Free Report) – Free Report), through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The Zacks Consensus Estimate for its current-year earnings climbed 0.2% over the last 60 days. The company’s expected growth rate for the current and next quarters are 3.1% and 33.2%, respectively.
Constellation Brands, Inc.(NYSE:(STZ - Free Report) – Free Report) produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The Zacks Consensus Estimate for its current-year earnings inched up 0.1% over the last 60 days. The company’s expected growth rate for the current quarter and year are 21.9% and 20.7%, respectively.
Amphenol Corporation(NYSE:(APH - Free Report) – Free Report), together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. The Zacks Consensus Estimate for its current-year earnings rose 0.3% over the last 60 days. The company’s expected growth rate for the current and next quarters are 7.7% and 4%, respectively.
Royal Caribbean Cruises Ltd.(NYSE:(RCL - Free Report) – Free Report) operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brand names. The Zacks Consensus Estimate for its current-year earnings rose 2.9% over the last 90 days. The company’s expected growth rate for the current and next quarters are 7.7% and 2.2%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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 nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% 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.
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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The Zacks Analyst Blog Highlights: Mastercard, Raymond James Financial, Constellation Brands, Amphenol and Royal Caribbean Cruises
For Immediate Release
Chicago, IL – October 03, 2017 – 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 Mastercard Inc. (NYSE:(MA - Free Report) – Free Report), Raymond James Financial, Inc. (NYSE:(RJF - Free Report) – Free Report), Constellation Brands, Inc. (NYSE:(STZ - Free Report) – Free Report), Amphenol Corporation (NYSE:(APH - Free Report) – Free Report) and Royal Caribbean Cruises Ltd. (NYSE:(RCL - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
5 Top Stocks for Marvelous Gains in October
Traditionally, October is the most volatile month for the broader market. The daily percentage change in the month is 1.44% compared with 1.08% for the other months. Historically, the period between the end of April and the end of October, had been the worst “six months” for the Dow and the S&P 500, while the period between June-end and October-end is considered the worst for the Nasdaq.
This bearish trend, however, hasn’t played out so far this year. All the major indices continued to scale record highs on improved corporate earnings, the chugging along of the U.S. economy and the rise in oil prices after the decline in the first half of the year. Oil prices moved north after major producers said that the global market was on its way toward tallying international demand-and-supply levels.
Hopes that President Trump is making strides with his new tax plans also overshadowed a slew of negative developments including catastrophic hurricanes, threats of war from North Korea and cyber breach at credit bureau Equifax.
Given such positives, the month of October is not likely to put an end to the bull market. Equities, moreover, have a reputation of maintaining gains as the fourth quarter is usually the strongest. This calls for investing in some rock-solid stocks this month for better gains.
Corporate Earnings Encourage
Total Q2 earnings for the S&P 500 index are up 11.1% from the same period last year on 5.5% higher revenues. This marked the second straight quarter of double-digit growth. Earnings growth is also expected to turn positive in Q3. Total Q3 earnings are poised to be up 3.2% from the same period last year on 5% higher revenues.
For the full year, total earnings for the S&P 500 are expected to be up 7.4% on 4.6% higher revenues, which would follow 0.7% earnings growth on 2.1% higher revenues in 2016 (read more: Start of the Q3 Earnings Season).
Economic Recovery Solid
Meanwhile, the U.S. GDP expanded 3.1% in the second quarter, the fastest in more than two years. It is also up slightly from a previously reported 3%. An uptick in consumer outlays and business investment drove the upside.
Increased spending on goods and services pushed consumer expenditure up 3.3% in the said quarter. Consumer spending – the biggest driver of the economy – picked up on higher income for consumers and low inflation.
Trump’s Tax Policy Proposals
Trump has urged Congress to move fast with the lowering of corporate taxes and had recently held a bipartisan group of House members at the White House to discuss a tax deal. He has been working on a major tax overhaul in more than three decades. Ever since 1986, the tax code hasn’t been restructured, when President Ronald Reagan along with a divided Congress broadened the tax base and slashed marginal tax rates.
Trump proposed a multi-trillion-dollar tax cut that would boost the U.S. economy and drive corporate profits. Such a tax cut included trimming of the business tax rate to 20% from 35%. Low corporate tax will benefit businesses of all sizes, as most of them will see the improvement in their bottom lines.
5 Top-Performing Stocks for October
October may be a rocky month for the stock market. But, as mentioned above, there are positives that may propel the broader markets. We have, thus, selected five stocks that have not only gained, traditionally during the rough trading month of October but also flaunt a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here is a closer look at them:
Mastercard Inc.(NYSE:(MA - Free Report) – Free Report) is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Zacks Consensus Estimate for its current-year earnings rose 1.4% over the last 60 days. The company’s expected growth rate for the current and next quarters are 13.2% and 27.7%, respectively.
Raymond James Financial, Inc.(NYSE:(RJF - Free Report) – Free Report), through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The Zacks Consensus Estimate for its current-year earnings climbed 0.2% over the last 60 days. The company’s expected growth rate for the current and next quarters are 3.1% and 33.2%, respectively.
Constellation Brands, Inc.(NYSE:(STZ - Free Report) – Free Report) produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The Zacks Consensus Estimate for its current-year earnings inched up 0.1% over the last 60 days. The company’s expected growth rate for the current quarter and year are 21.9% and 20.7%, respectively.
Amphenol Corporation(NYSE:(APH - Free Report) – Free Report), together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. The Zacks Consensus Estimate for its current-year earnings rose 0.3% over the last 60 days. The company’s expected growth rate for the current and next quarters are 7.7% and 4%, respectively.
Royal Caribbean Cruises Ltd.(NYSE:(RCL - Free Report) – Free Report) operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brand names. The Zacks Consensus Estimate for its current-year earnings rose 2.9% over the last 90 days. The company’s expected growth rate for the current and next quarters are 7.7% and 2.2%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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 nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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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.