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The Zacks Analyst Blog Highlights: Vista Outdoor, LiveXLive, Genasys and Gaia
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For Immediate Release
Chicago, IL – April 3, 2020 – 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 Vista Outdoor Inc. (VSTO - Free Report) , LiveXLive Media Inc. , Genasys Inc. (GNSS - Free Report) and Gaia Inc. (GAIA - Free Report) .
After commencing the year on a bright note, Wall Street has a good run right up to the middle of February before losing track completely on account of the coronavirus pandemic, which was first detected in China.
This outbreak compelled several developed nations, including the United States, and major emerging economies to resort to either full or partial lockdown to curb the spread of the deadly virus.
Consequently, the United States and the global economy were left rattled within a few weeks. Wall Street ended its historic 11-year long bull run. Notably, the three major stock indexes had entered the bear territory in just 16-19 days. Although the Dow is currently out of the bear market territory, the S&P 500 and the Nasdaq Composite are yet to come out.
Meanwhile, surprising many industry experts, a handful of consumer discretionary stocks have surged in the past four weeks. Some of them carry a favorable Zacks Rank and strong growth potential.
Importance of Surging Consumer Discretionary Stocks
The consumer discretionary sector comprises businesses that sell goods and services, which are considered non-essential by consumers. These are the products that consumers can avoid without any major consequences to their well-being. In fact, these goods are desirable if and only if the available income of an individual is sufficient to purchase them. This is in sharp contrast to consumer staples products that are absolutely necessary.
The Consumer Discretionary Sector comprises apparel, toys/hobby, hand-held tools, household appliances and leisure products in the manufacturing segment and in services segment includes gaming, radio/TV/cable/other media products and broadcast services.
Consequently, consumer discretionary products witness strong demand during the recovery and booming phase of a business cycle. Therefore, stock price of most of these companies are likely to increase during this period. Meanwhile, stock price of consumer discretionary companies are likely to fall during sharp downturn of the stock market.
As a result, when the stock price of any consumer discretionary company rallies despite severe market mayhem, it generally indicates established business model, strong future prospects and solid financial strength.
Our Top Picks
We have narrowed down our search to four consumer discretionary stocks that have surged in the past four weeks when the coronavirus-induced panic devastated Wall Street. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vista Outdoor Inc.designs, manufactures and markets consumer products for outdoor sports and recreation markets in the United States and internationally. It operates in two segments: Shooting Sports and Outdoor Products. The Zacks Rank #1 company has an expected earnings growth rate of 88.3% for the current year (ending March 2021). The stock price has rallied 31.2% year to date.
LiveXLive Media Inc.a digital media company, engaged in the acquisition, distribution and monetization of live music, Internet radio and music-related streaming and video content. The Zacks Rank #2 company has an expected earnings growth rate of 12.7% for the current year (ending March 2021). The stock price has jumped 15.3% year to date.
Genasys Inc.designs, develops, and commercializes directed and multidirectional sound technologies in the Americas, Europe, the Middle East, Africa and the Asia Pacific. It offers voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. The Zacks Rank #1 company has an expected earnings growth rate of 62.5% for the current year (ending September 2021). The stock price has advanced 11% year to date.
Gaia Inc.operates a digital video subscription service and online community for underserved member base worldwide. It has a digital content library of approximately 8,000 titles in English, Spanish, German and French languages available to its subscribers on Internet-connected devices. The Zacks Rank #1 company has an expected earnings growth rate of 59.6% for the current year. The stock price has gained 7.2% year to date.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Vista Outdoor, LiveXLive, Genasys and Gaia
For Immediate Release
Chicago, IL – April 3, 2020 – 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 Vista Outdoor Inc. (VSTO - Free Report) , LiveXLive Media Inc. , Genasys Inc. (GNSS - Free Report) and Gaia Inc. (GAIA - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
4 Consumer Discretionary Stocks Rallying Despite Coronavirus Woes
After commencing the year on a bright note, Wall Street has a good run right up to the middle of February before losing track completely on account of the coronavirus pandemic, which was first detected in China.
This outbreak compelled several developed nations, including the United States, and major emerging economies to resort to either full or partial lockdown to curb the spread of the deadly virus.
Consequently, the United States and the global economy were left rattled within a few weeks. Wall Street ended its historic 11-year long bull run. Notably, the three major stock indexes had entered the bear territory in just 16-19 days. Although the Dow is currently out of the bear market territory, the S&P 500 and the Nasdaq Composite are yet to come out.
Meanwhile, surprising many industry experts, a handful of consumer discretionary stocks have surged in the past four weeks. Some of them carry a favorable Zacks Rank and strong growth potential.
Importance of Surging Consumer Discretionary Stocks
The consumer discretionary sector comprises businesses that sell goods and services, which are considered non-essential by consumers. These are the products that consumers can avoid without any major consequences to their well-being. In fact, these goods are desirable if and only if the available income of an individual is sufficient to purchase them. This is in sharp contrast to consumer staples products that are absolutely necessary.
The Consumer Discretionary Sector comprises apparel, toys/hobby, hand-held tools, household appliances and leisure products in the manufacturing segment and in services segment includes gaming, radio/TV/cable/other media products and broadcast services.
Consequently, consumer discretionary products witness strong demand during the recovery and booming phase of a business cycle. Therefore, stock price of most of these companies are likely to increase during this period. Meanwhile, stock price of consumer discretionary companies are likely to fall during sharp downturn of the stock market.
As a result, when the stock price of any consumer discretionary company rallies despite severe market mayhem, it generally indicates established business model, strong future prospects and solid financial strength.
Our Top Picks
We have narrowed down our search to four consumer discretionary stocks that have surged in the past four weeks when the coronavirus-induced panic devastated Wall Street. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vista Outdoor Inc.designs, manufactures and markets consumer products for outdoor sports and recreation markets in the United States and internationally. It operates in two segments: Shooting Sports and Outdoor Products. The Zacks Rank #1 company has an expected earnings growth rate of 88.3% for the current year (ending March 2021). The stock price has rallied 31.2% year to date.
LiveXLive Media Inc.a digital media company, engaged in the acquisition, distribution and monetization of live music, Internet radio and music-related streaming and video content. The Zacks Rank #2 company has an expected earnings growth rate of 12.7% for the current year (ending March 2021). The stock price has jumped 15.3% year to date.
Genasys Inc.designs, develops, and commercializes directed and multidirectional sound technologies in the Americas, Europe, the Middle East, Africa and the Asia Pacific. It offers voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. The Zacks Rank #1 company has an expected earnings growth rate of 62.5% for the current year (ending September 2021). The stock price has advanced 11% year to date.
Gaia Inc.operates a digital video subscription service and online community for underserved member base worldwide. It has a digital content library of approximately 8,000 titles in English, Spanish, German and French languages available to its subscribers on Internet-connected devices. The Zacks Rank #1 company has an expected earnings growth rate of 59.6% for the current year. The stock price has gained 7.2% year to date.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.