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Boot Barn Holdings, Autohome, Oracle, Red Hat and Micron Technology highlighted as Zacks Bull and Bear of the Day
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For Immediate Release
Chicago, IL – September 17, 2018 – Zacks Equity Research highlights Boot Barn Holdings (BOOT - Free Report) as the Bull of the Day, Autohome (ATHM - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Oracle Corporation (ORCL - Free Report) , Red Hat, Inc. and Micron Technology, Inc. (MU - Free Report) .
One of the toughest industries to make money in recently has been retail. As brick and mortar retailers struggle to compete with online shopping websites, many of these names have struggled to deliver profits. Over the last few months, there have been some names in the retail space which have outperformed the market, bucking the trend. Today’s Bull of the Day is in the retail industry which surprisingly now ranks in the Top 16% of our Zacks Industry Rank.
Today’s pick is Boot Barn HoldingsInc., a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. The company also provides gifts and home merchandise. As of August 7, 2018, it operated 232 stores in 31 states.
Boot Barn is a Zacks Rank #1 (Strong Buy) right now because of a series of earnings estimate revisions coming from analysts. Over the last sixty days, five analysts have increased their earnings estimates for the current year while four analysts have increased their estimates for next year. The bullish sentiment has pushed up our Zacks Consensus Estimate from $1.02 to $1.15 for the current year. Next year’s number has come up from $1.29 to $1.35.
Chinese stocks can be sketchy to invest in. It’s not about any sort of prejudices people have to these Chinese companies, it’s about information. Personally, I don’t have enough of an understanding of the Chinese market to give some of these obscure names the careful eye and analysis they deserve. Researching these names can be tough because of the language barrier. It’s easy to understand huge companies like Alibaba but it’s much tougher with smaller ones in niche markets.
Sprinkle in trade tariffs and escalations in the trade war and you have a lot of chips stacked against you. That’s why I’m naming Autohome as today’s Bear of the Day. Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners.
Right now, Autohome is a Zacks Rank #4 (Sell) in an industry that ranks in the Bottom 41% of our Zacks Industry Rank. If you look at earnings estimates for the current quarter and next quarter, you can see the bearish sentiment in the stock. Over the last sixty days, the Zacks Consensus Estimate has come down from 88 cents to 78 cents for the current quarter while next quarter’s number has come down from $1.45 to $1.07.
Additional content:
Upcoming Tech Earnings to Watch: ORCL, RHT, MU
This year's Q2 earnings season marked yet another period of robust top- and bottom-line growth, upside surprises, and strong consumer and enterprise spending. However, as Wall Street shifts its expectations and grows more concerned with external headwinds—like global trade disputes—post-earnings gains seemed harder to come by.
We have moved into a quiet period for earnings announcements, and the same headwinds are weighing on the minds of investors. This means that those companies reporting during this less-busy stretch really need to knock it out of the park if they want to impress, especially in the technology sector, where concerns about a semiconductor slowdown and new tariffs could steal some of the growth thunder.
Luckily, even during the non-traditional earnings season, investors can use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Will any of the tech reports coming in the next few days have enough positive news to outweigh other headwinds? Let’s take a closer look at a few of the sector's marquee reports due during the week of September 17.
1. Oracle Corporation
Enterprise software and cloud computing giant Oracle is scheduled to release its latest earnings report after the market closes on September 17. Oracle shares are up just 5% on the year as investors continue to worry that the company is losing market share to key competitors, so Wall Street will be hoping for a strong rebound here. However, ORCL is sporting a Zacks Rank #4 (Sell) ahead of the report.
According to our latest Zacks Consensus Estimates, analysts are expecting Oracle to report adjusted earnings of 68 cents per share and total revenue of $9.29 billion. These results would represent year-over-year growth of 9.7% and 0.9%, respectively.
2. Red Hat, Inc.
Open source software solutions provider Red Hat is slated to announce its most recent quarterly results after the closing bell on September 19. Red Hat gapped down after its last earnings report, but the stock has still seen some nice gains on a year-to-date basis and is once again generating strong momentum. RHT is carrying a Zacks Rank #3 (Hold) as it approaches its report date.
Current consensus estimates have Red Hat posting adjusted earnings of 81 cents per share and quarterly revenue of $827.8 million. If these results hold, they would mark growth of 5.2% and 14.4%, respectively, from the prior-year quarter.
3. Micron Technology, Inc.
Memory chip manufacturer and trendy growth stock Micron will release its earnings report after markets close on September 20. Micron has trended downward over the past few months as analysts grow increasingly concerned about cyclical DRAM pricing and supply headwinds. This could give the Zacks Rank #3 (Hold) stock some room to rebound, but investors should follow its guidance and conference call commentary carefully.
As for the soon-to-be-reported quarter, Micron is still expected to report significant growth. The Zacks Consensus Estimate for earnings sits at $3.30 per share, up 63.4% from last year. Revenue is pegged at $8.22 billion, about 33.9% higher from a year ago.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
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 analyst 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.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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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Boot Barn Holdings, Autohome, Oracle, Red Hat and Micron Technology highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – September 17, 2018 – Zacks Equity Research highlights Boot Barn Holdings (BOOT - Free Report) as the Bull of the Day, Autohome (ATHM - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Oracle Corporation (ORCL - Free Report) , Red Hat, Inc. and Micron Technology, Inc. (MU - Free Report) .
Here is a synopsis of all five stocks:
Bull of the Day:
One of the toughest industries to make money in recently has been retail. As brick and mortar retailers struggle to compete with online shopping websites, many of these names have struggled to deliver profits. Over the last few months, there have been some names in the retail space which have outperformed the market, bucking the trend. Today’s Bull of the Day is in the retail industry which surprisingly now ranks in the Top 16% of our Zacks Industry Rank.
Today’s pick is Boot Barn Holdings Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. The company also provides gifts and home merchandise. As of August 7, 2018, it operated 232 stores in 31 states.
Boot Barn is a Zacks Rank #1 (Strong Buy) right now because of a series of earnings estimate revisions coming from analysts. Over the last sixty days, five analysts have increased their earnings estimates for the current year while four analysts have increased their estimates for next year. The bullish sentiment has pushed up our Zacks Consensus Estimate from $1.02 to $1.15 for the current year. Next year’s number has come up from $1.29 to $1.35.
Bear of the Day:
Chinese stocks can be sketchy to invest in. It’s not about any sort of prejudices people have to these Chinese companies, it’s about information. Personally, I don’t have enough of an understanding of the Chinese market to give some of these obscure names the careful eye and analysis they deserve. Researching these names can be tough because of the language barrier. It’s easy to understand huge companies like Alibaba but it’s much tougher with smaller ones in niche markets.
Sprinkle in trade tariffs and escalations in the trade war and you have a lot of chips stacked against you. That’s why I’m naming Autohome as today’s Bear of the Day. Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners.
Right now, Autohome is a Zacks Rank #4 (Sell) in an industry that ranks in the Bottom 41% of our Zacks Industry Rank. If you look at earnings estimates for the current quarter and next quarter, you can see the bearish sentiment in the stock. Over the last sixty days, the Zacks Consensus Estimate has come down from 88 cents to 78 cents for the current quarter while next quarter’s number has come down from $1.45 to $1.07.
Additional content:
Upcoming Tech Earnings to Watch: ORCL, RHT, MU
This year's Q2 earnings season marked yet another period of robust top- and bottom-line growth, upside surprises, and strong consumer and enterprise spending. However, as Wall Street shifts its expectations and grows more concerned with external headwinds—like global trade disputes—post-earnings gains seemed harder to come by.
We have moved into a quiet period for earnings announcements, and the same headwinds are weighing on the minds of investors. This means that those companies reporting during this less-busy stretch really need to knock it out of the park if they want to impress, especially in the technology sector, where concerns about a semiconductor slowdown and new tariffs could steal some of the growth thunder.
Luckily, even during the non-traditional earnings season, investors can use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
Will any of the tech reports coming in the next few days have enough positive news to outweigh other headwinds? Let’s take a closer look at a few of the sector's marquee reports due during the week of September 17.
1. Oracle Corporation
Enterprise software and cloud computing giant Oracle is scheduled to release its latest earnings report after the market closes on September 17. Oracle shares are up just 5% on the year as investors continue to worry that the company is losing market share to key competitors, so Wall Street will be hoping for a strong rebound here. However, ORCL is sporting a Zacks Rank #4 (Sell) ahead of the report.
According to our latest Zacks Consensus Estimates, analysts are expecting Oracle to report adjusted earnings of 68 cents per share and total revenue of $9.29 billion. These results would represent year-over-year growth of 9.7% and 0.9%, respectively.
2. Red Hat, Inc.
Open source software solutions provider Red Hat is slated to announce its most recent quarterly results after the closing bell on September 19. Red Hat gapped down after its last earnings report, but the stock has still seen some nice gains on a year-to-date basis and is once again generating strong momentum. RHT is carrying a Zacks Rank #3 (Hold) as it approaches its report date.
Current consensus estimates have Red Hat posting adjusted earnings of 81 cents per share and quarterly revenue of $827.8 million. If these results hold, they would mark growth of 5.2% and 14.4%, respectively, from the prior-year quarter.
3. Micron Technology, Inc.
Memory chip manufacturer and trendy growth stock Micron will release its earnings report after markets close on September 20. Micron has trended downward over the past few months as analysts grow increasingly concerned about cyclical DRAM pricing and supply headwinds. This could give the Zacks Rank #3 (Hold) stock some room to rebound, but investors should follow its guidance and conference call commentary carefully.
As for the soon-to-be-reported quarter, Micron is still expected to report significant growth. The Zacks Consensus Estimate for earnings sits at $3.30 per share, up 63.4% from last year. Revenue is pegged at $8.22 billion, about 33.9% higher from a year ago.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Get today’s Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
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 analyst 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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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.