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With the dollar inching down in likely preparation for the Federal Reserve chair Jerome Powell delivering his speech today and political uncertainty stemming from the conviction of the second of President Trump’s advisors for breaking campaign finance laws, bank fraud and tax evasion, things appear to be less than perfect for the market.
Trump losing face before the midterm elections may topple the cart for the Republicans and could lead to a number of consequences including the President’s resignation or his impeachment.
But the President appears oblivious for now, imposing tariffs on goods from partners like Canada, Mexico and Europe, and adversaries like China. Trump’s initial tariffs on Chinese goods valued at around $50 billion were exceeded by China, which imposed retaliatory tariffs on U.S. goods of around $52 billion. So now, he has increased tariffs on $107 billion worth of imports, and threatened tariffs on another $608 billion. China may be expected to retaliate, or even wait for the election outcome.
It’s fairly easy to see that technology and finance remain the hottest sectors for investment, followed by medical and then industrial, consumer discretionary and transportation. But how to tell which stocks have the strongest potential to outperform and are therefore the best investments? Everyone isn’t out to buy an Apple after all, or a Google, Microsoft, Facebook, etcetera.
So here, I’ve chosen some simple criteria that can help us choose from the huge number of stocks out there.
My first criterion is a Zacks Rank of #1. This makes sense to me because Rank #1 stocks have generated annualized returns of 25.7% over the last 30 years compared to the S&P 500 return of just 10.7%.
Second, I’ve preferred companies belonging in the top 100 Zacks industries. In case you haven’t noticed, even average stocks in strong industries tend to do better than good stocks in weaker ones. What’s more, among the 250+ Zacks classified industries, the top half beat the bottom half by a factor of more than 2 to 1 in the last 10 years.
Third, an EPS surprise of more than 50% in the last quarter seems like good performance to me, especially if it comes with a 50%+ increase in estimates for the current quarter and current fiscal year.
I’ve always believed that numbers speak, so here are a bunch of stocks with such numbers-
AVX Corporation
AVX Corporation is a manufacturer and supplier of a broad line of passive electronic components and related products. The company's passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company's facilities. It also manufactures and sells electronic connectors and distributes and sells certain connectors.
Zacks Rank #1
Zacks Industry Rank 58
Last EPS surprise 83.33%
Next Quarter estimate revision +83.33% in last 4 weeks
Current Fiscal Year estimate revision +72% in last 4 weeks
Turtle Beach Corporation (HEAR)
Turtle Beach Corporation is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices and video game consoles under the brand Turtle Beach (TurtleBeach.com).
Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York.
Zacks Rank #1
Zacks Industry Rank 63
Last EPS surprise 2100%
Next Quarter estimate revision +7200% in last 4 weeks
Current Fiscal Year estimate revision +72.4% in last 4 weeks
IntriCon Corporation (IIN)
IntriCon designs, develops, engineers and manufactures microminiaturized medical and electronic products. The Company supplies microminiaturized components, systems and molded plastic parts, primarily to the hearing instrument manufacturing industry, as well as the computer, government, electronics, telecommunications and medical equipment industries. The Company has facilities in the United States, Asia and Europe.
Zacks Rank #1
Zacks Industry Rank 58
Last EPS surprise 150%
Next Quarter estimate revision +58% in last 4 weeks
Current Fiscal Year estimate revision +53.8% in last 4 weeks
Molina Healthcare, a multi-state health care organization, arranges for the delivery of health care services and offers health information management solutions to individuals and families who receive their care through Medicaid, Medicare and other government-funded programs.
Molina Healthcare offers Medicaid, contracts with state governments and serves as a health plan, providing a wide range of quality health care services to families and individuals who qualify for government-sponsored programs, including Medicaid and the State Children's Health Insurance Program (SCHIP).
The company offers Medicare Advantage plans designed to meet the needs of individuals with Medicare or both Medicaid and Medicare coverage. Molina Medicare plans offer comprehensive, quality benefits and programs including access to a large selection of doctors, hospitals and other health care providers at little or no out-of-pocket cost.
Zacks Rank #1
Zacks Industry Rank 32
Last EPS surprise 106.4%
Next Quarter estimate revision +65.6% in last 4 weeks
Current Fiscal Year estimate revision +62.5% in last 4 weeks
North American Construction Group Ltd. (NOA - Free Report)
North American Construction Group Ltd. provides heavy construction and mining services primarily in Canada. It offers services to large oil, natural gas and resource companies. American Construction Group Ltd, formerly known as North American Energy Partners Inc., is based in Alberta, United States.
Zacks Rank #1
Zacks Industry Rank 41
Last EPS surprise 100%
Next Quarter estimate revision +132.0% in last 4 weeks
Current Fiscal Year estimate revision +84.3% in last 4 weeks
Summer Infant, Inc.
Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings.
Zacks Rank #1
Zacks Industry Rank 51
Last EPS surprise 300%
Next Quarter estimate revision +66.7% in last 4 weeks
Current Fiscal Year estimate revision +50% in last 4 weeks
United States Cellular Corporation is the eighth largest wireless company in the United States, based on the aggregate number of customers in its consolidated markets. The company's development strategy is to operate controlling interests in cellular market licensees in areas adjacent to or in proximity to its other markets, thereby building clusters in operating markets.
Zacks Rank #1
Zacks Industry Rank 33
Last EPS surprise 147.4%
Next Quarter estimate revision +118.9% in last 4 weeks
Current Fiscal Year estimate revision +60.9% in last 4 weeks
Vitamin Shoppe, Inc
Vitamin Shoppe is a specialty retailer and direct marketer of nutritional products. It primarily sells vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies, green living products and health and beauty aids. Based in North Bergen, New Jersey, the company is recognized as an innovator in providing product information, associate training, and customer education.
Information is available to consumers through unprecedented outlets including television, radio, friends, family, health practitioners, and the internet. It offers consumers the opportunity to take charge of their own health and wellness requirements, and supplement where necessary.
At each store location, consumers can find a comprehensive Learning Center which offers free access to vital information about key health concerns and products. The Vitamin Shoppe is a strong supporter of health and wellness campaigns including Life Supplemented sponsored by the Council for Responsible Nutrition.
Zacks Rank #1
Zacks Industry Rank 87
Last EPS surprise 720%
Next Quarter estimate revision +211.1% in last 4 weeks
Current Fiscal Year estimate revision +154.3% in last 4 weeks
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Grab These 8 Stocks for Their Strong Numbers
With the dollar inching down in likely preparation for the Federal Reserve chair Jerome Powell delivering his speech today and political uncertainty stemming from the conviction of the second of President Trump’s advisors for breaking campaign finance laws, bank fraud and tax evasion, things appear to be less than perfect for the market.
Trump losing face before the midterm elections may topple the cart for the Republicans and could lead to a number of consequences including the President’s resignation or his impeachment.
But the President appears oblivious for now, imposing tariffs on goods from partners like Canada, Mexico and Europe, and adversaries like China. Trump’s initial tariffs on Chinese goods valued at around $50 billion were exceeded by China, which imposed retaliatory tariffs on U.S. goods of around $52 billion. So now, he has increased tariffs on $107 billion worth of imports, and threatened tariffs on another $608 billion. China may be expected to retaliate, or even wait for the election outcome.
It’s fairly easy to see that technology and finance remain the hottest sectors for investment, followed by medical and then industrial, consumer discretionary and transportation. But how to tell which stocks have the strongest potential to outperform and are therefore the best investments? Everyone isn’t out to buy an Apple after all, or a Google, Microsoft, Facebook, etcetera.
So here, I’ve chosen some simple criteria that can help us choose from the huge number of stocks out there.
My first criterion is a Zacks Rank of #1. This makes sense to me because Rank #1 stocks have generated annualized returns of 25.7% over the last 30 years compared to the S&P 500 return of just 10.7%.
Second, I’ve preferred companies belonging in the top 100 Zacks industries. In case you haven’t noticed, even average stocks in strong industries tend to do better than good stocks in weaker ones. What’s more, among the 250+ Zacks classified industries, the top half beat the bottom half by a factor of more than 2 to 1 in the last 10 years.
Third, an EPS surprise of more than 50% in the last quarter seems like good performance to me, especially if it comes with a 50%+ increase in estimates for the current quarter and current fiscal year.
I’ve always believed that numbers speak, so here are a bunch of stocks with such numbers-
AVX Corporation
AVX Corporation is a manufacturer and supplier of a broad line of passive electronic components and related products. The company's passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company's facilities. It also manufactures and sells electronic connectors and distributes and sells certain connectors.
Zacks Rank #1
Zacks Industry Rank 58
Last EPS surprise 83.33%
Next Quarter estimate revision +83.33% in last 4 weeks
Current Fiscal Year estimate revision +72% in last 4 weeks
Turtle Beach Corporation (HEAR)
Turtle Beach Corporation is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices and video game consoles under the brand Turtle Beach (TurtleBeach.com).
Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York.
Zacks Rank #1
Zacks Industry Rank 63
Last EPS surprise 2100%
Next Quarter estimate revision +7200% in last 4 weeks
Current Fiscal Year estimate revision +72.4% in last 4 weeks
IntriCon Corporation (IIN)
IntriCon designs, develops, engineers and manufactures microminiaturized medical and electronic products. The Company supplies microminiaturized components, systems and molded plastic parts, primarily to the hearing instrument manufacturing industry, as well as the computer, government, electronics, telecommunications and medical equipment industries. The Company has facilities in the United States, Asia and Europe.
Zacks Rank #1
Zacks Industry Rank 58
Last EPS surprise 150%
Next Quarter estimate revision +58% in last 4 weeks
Current Fiscal Year estimate revision +53.8% in last 4 weeks
Molina Healthcare, Inc (MOH - Free Report)
Molina Healthcare, a multi-state health care organization, arranges for the delivery of health care services and offers health information management solutions to individuals and families who receive their care through Medicaid, Medicare and other government-funded programs.
Molina Healthcare offers Medicaid, contracts with state governments and serves as a health plan, providing a wide range of quality health care services to families and individuals who qualify for government-sponsored programs, including Medicaid and the State Children's Health Insurance Program (SCHIP).
The company offers Medicare Advantage plans designed to meet the needs of individuals with Medicare or both Medicaid and Medicare coverage. Molina Medicare plans offer comprehensive, quality benefits and programs including access to a large selection of doctors, hospitals and other health care providers at little or no out-of-pocket cost.
Zacks Rank #1
Zacks Industry Rank 32
Last EPS surprise 106.4%
Next Quarter estimate revision +65.6% in last 4 weeks
Current Fiscal Year estimate revision +62.5% in last 4 weeks
North American Construction Group Ltd. (NOA - Free Report)
North American Construction Group Ltd. provides heavy construction and mining services primarily in Canada. It offers services to large oil, natural gas and resource companies. American Construction Group Ltd, formerly known as North American Energy Partners Inc., is based in Alberta, United States.
Zacks Rank #1
Zacks Industry Rank 41
Last EPS surprise 100%
Next Quarter estimate revision +132.0% in last 4 weeks
Current Fiscal Year estimate revision +84.3% in last 4 weeks
Summer Infant, Inc.
Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings.
Zacks Rank #1
Zacks Industry Rank 51
Last EPS surprise 300%
Next Quarter estimate revision +66.7% in last 4 weeks
Current Fiscal Year estimate revision +50% in last 4 weeks
United States Cellular Corp. (USM - Free Report)
United States Cellular Corporation is the eighth largest wireless company in the United States, based on the aggregate number of customers in its consolidated markets. The company's development strategy is to operate controlling interests in cellular market licensees in areas adjacent to or in proximity to its other markets, thereby building clusters in operating markets.
Zacks Rank #1
Zacks Industry Rank 33
Last EPS surprise 147.4%
Next Quarter estimate revision +118.9% in last 4 weeks
Current Fiscal Year estimate revision +60.9% in last 4 weeks
Vitamin Shoppe, Inc
Vitamin Shoppe is a specialty retailer and direct marketer of nutritional products. It primarily sells vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies, green living products and health and beauty aids. Based in North Bergen, New Jersey, the company is recognized as an innovator in providing product information, associate training, and customer education.
Information is available to consumers through unprecedented outlets including television, radio, friends, family, health practitioners, and the internet. It offers consumers the opportunity to take charge of their own health and wellness requirements, and supplement where necessary.
At each store location, consumers can find a comprehensive Learning Center which offers free access to vital information about key health concerns and products. The Vitamin Shoppe is a strong supporter of health and wellness campaigns including Life Supplemented sponsored by the Council for Responsible Nutrition.
Zacks Rank #1
Zacks Industry Rank 87
Last EPS surprise 720%
Next Quarter estimate revision +211.1% in last 4 weeks
Current Fiscal Year estimate revision +154.3% in last 4 weeks
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>