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.
Zacks Value Investor Highlights: Caterpillar, Celanese, Patrick Industries, Micron and Western Digital
Read MoreHide Full Article
For Immediate Release
Chicago, IL – May 4, 2018 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/302214/3-top-value-stocks-to-buy-now)
3 Top Value Stocks to Buy Now
Welcome to Episode #91 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks.
Do you have investing luck?
Value investing and lucky investing are similar in several ways. Value investors buy stocks that are often ignored by Wall Street as do many lucky investors.
What Are the Criteria for Lucky Investing?
1. You must be an investor. This may seem basic, but many people “dream” of investing in the next Amazon or Facebook but never actually buy any stocks or ETFs.
2. Diversify. Very few people get anything right the first time. You know the old saying of throwing all the ideas against the wall and seeing what sticks. The same is true for lucky investing. That means you have to own more than one stock, ETF or mutual fund.
Lucky investing, or value investing, isn’t about finding only that one magical stock. You’re going to have misses.
It’s about staying in the game long enough for something to stick.
Screening for Value and Growth Stocks
With earnings season in full swing, why shouldn’t value investors reach for those companies that have already reported earnings and that have great growth stories?
The screen included companies with earnings growth and the Zacks Rank of #1 (Strong Buy) or #2 (Buy), which should mean rising earnings estimates.
For value, the screen included those with P/Es under 15.
The screen returned 43 stocks.
3 Top Value Stocks to Consider Now
1. Caterpillar Inc. (CAT - Free Report) had been soaring so it was out of value contention. But the recent pullback in the shares, combined with rising earnings estimates, gives it a forward P/E of 13.9. Earnings are expected to rise 51% in 2018 and another 13% in 2019. After a great earnings report, all of the analyst estimates are on the rise for the full year.
2. Celanese Corporation (CE - Free Report) is an industrial chemicals maker. Even though shares have recently rebounded, it still has a forward P/E of 11.8. Earnings are expected to rise 23% in 2018. Sales are also expected to be bullish, up 14.4% for the year.
3. Patrick Industries (PATK - Free Report) is in the hated RV industry. It makes component products for RVs, which made up 69% of first quarter revenue, as well as marine and industrial markets. RV revenue was up 53% as wholesale unit shipments were up 13% year-over-year in the first quarter. Shares have sunk over 17% year-to-date on fears that the good times in the RV industry wouldn’t last. It trades with a forward P/E of just 12.6.
Additionally, there are other value stocks that continue to get cheaper, on a P/E basis.
Micron (MU - Free Report) now trades with a forward P/E of just 4.1.
Western Digital (WDC - Free Report) is also dirt cheap, with a forward P/E of 5.5.
Estimates continue to track higher for fiscal 2019 for both companies. Should investors be getting in?
Find out the answer to this question and more on this week’s podcast.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Zacks Value Investor Highlights: Caterpillar, Celanese, Patrick Industries, Micron and Western Digital
For Immediate Release
Chicago, IL – May 4, 2018 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/302214/3-top-value-stocks-to-buy-now)
3 Top Value Stocks to Buy Now
Welcome to Episode #91 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks.
Do you have investing luck?
Value investing and lucky investing are similar in several ways. Value investors buy stocks that are often ignored by Wall Street as do many lucky investors.
What Are the Criteria for Lucky Investing?
1. You must be an investor. This may seem basic, but many people “dream” of investing in the next Amazon or Facebook but never actually buy any stocks or ETFs.
2. Diversify. Very few people get anything right the first time. You know the old saying of throwing all the ideas against the wall and seeing what sticks. The same is true for lucky investing. That means you have to own more than one stock, ETF or mutual fund.
Lucky investing, or value investing, isn’t about finding only that one magical stock. You’re going to have misses.
It’s about staying in the game long enough for something to stick.
Screening for Value and Growth Stocks
With earnings season in full swing, why shouldn’t value investors reach for those companies that have already reported earnings and that have great growth stories?
The screen included companies with earnings growth and the Zacks Rank of #1 (Strong Buy) or #2 (Buy), which should mean rising earnings estimates.
For value, the screen included those with P/Es under 15.
The screen returned 43 stocks.
3 Top Value Stocks to Consider Now
1. Caterpillar Inc. (CAT - Free Report) had been soaring so it was out of value contention. But the recent pullback in the shares, combined with rising earnings estimates, gives it a forward P/E of 13.9. Earnings are expected to rise 51% in 2018 and another 13% in 2019. After a great earnings report, all of the analyst estimates are on the rise for the full year.
2. Celanese Corporation (CE - Free Report) is an industrial chemicals maker. Even though shares have recently rebounded, it still has a forward P/E of 11.8. Earnings are expected to rise 23% in 2018. Sales are also expected to be bullish, up 14.4% for the year.
3. Patrick Industries (PATK - Free Report) is in the hated RV industry. It makes component products for RVs, which made up 69% of first quarter revenue, as well as marine and industrial markets. RV revenue was up 53% as wholesale unit shipments were up 13% year-over-year in the first quarter. Shares have sunk over 17% year-to-date on fears that the good times in the RV industry wouldn’t last. It trades with a forward P/E of just 12.6.
Additionally, there are other value stocks that continue to get cheaper, on a P/E basis.
Micron (MU - Free Report) now trades with a forward P/E of just 4.1.
Western Digital (WDC - Free Report) is also dirt cheap, with a forward P/E of 5.5.
Estimates continue to track higher for fiscal 2019 for both companies. Should investors be getting in?
Find out the answer to this question and more on this week’s podcast.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/performance
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.