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Zacks #1 Stocks on the Move 07/11/2014

Company Name Symbol %Change
SUMMER INFAN SUMR
12.25%
CURIS INC CRIS
8.28%
CYTOKINETICS CYTK
7.23%
TIMMINS GOLD TGD
4.55%
GREEN PLAINS GPRE
3.79%

Tale of the Tape

DragonWave Inc. (DRWI) Jumps: Stock Rises 5.8%

Posted Fri Jul 11, 09:32 am ET

by Zacks Equity Research

DragonWave Inc. (DRWI) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 62.33% sinc June 24.

This wireless equipment industry stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for DragonWave. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

DragonWavecurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same industry include Comtech Telecommunications Corp. (CMTL), InterDigital, Inc. (IDCC) and ARC Group Worldwide, Inc. (ARCW). While, Comtech Telecommunications and InterDigital sport a Zacks Rank #1 (Strong Buy), ARC Group carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Zacks Rank #5 Additions for Friday

Posted Fri Jul 11, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

  • Air Methods Corp ( AIRM )
  • Alon USA Partners LP ( ALDW )
  • Bob Evans Farms Inc (BOBE )
  • Briggs & Stratton Corporation (BGG)
  • Gigamon Inc (GIMO)

View the entire Zacks Rank #5 List.

 

Zacks Rank #1 Additions for Friday

Posted Fri Jul 11, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

  • Alleghany Corporation (Y)
  • Alliance Resource Partners, L.P. (ARLP)
  • Amsurg Corp (AMSG)
  • Apollo Residential Mortgage Inc (AMTG)
  • Berkshire Hathaway Inc. (BRK.A)

View the entire Zacks Rank #1 List.

 

Can the Uptrend Continue for TRW Automotive (TRW)?

Posted Fri Jul 11, 09:21 am ET

by Zacks Equity Research

Investors certainly have to be happy with TRW Automotive Holdings Corp. (TRW) and its short term performance. After all, the stock has jumped by 15.3% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for TRW?

While we can never know for sure, it is pretty encouraging that estimates for TRW have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

Kosmos Energy (KOS) is Oversold: Can It Recover?

Posted Fri Jul 11, 09:19 am ET

by Zacks Equity Research

Kosmos Energy Ltd (KOS) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at KOS given that, according to its RSI reading of 25.83, it is now in oversold territory.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet, KOS’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Kosmos Energy’s earnings consensus.

Over the past two months, investors have seen 1 earnings estimate revision move higher, compared with none lower, at least when looking at the key current year time frame. And the consensus estimate for KOS has also been on an upward trend over the past 60 days, as estimates have risen from $0.14/share two months ago to just $0.17/share right now. 

If this wasn’t enough, Kosmos Energy also has a Zacks Rank #1 (Strong Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Catchmark (CTT) Enters Oversold Territory

Posted Fri Jul 11, 09:16 am ET

by Zacks Equity Research

Catchmark Timber Trust Inc (CTT) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at CTT given that, according to its RSI reading of 23.44, it is now in oversold territory.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet, CTT’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Catchmark’s earnings consensus.
 
Over the past two months, investors have seen 3 earnings estimate revisions move higher, compared with none lower, at least when looking at the key current year time frame. And the consensus estimate for CTT has also been on an upward trend over the past 60 days, as estimates have risen from -$0.05/share two months ago to just $0.05/share right now. 
 
If this wasn’t enough, Catchmark also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
 

Companhia Siderurgica Nacional (SID) is Overbought: Is A Drop Coming?

Posted Fri Jul 11, 09:13 am ET

by Zacks Equity Research

Companhia Siderurgica Nacional (SID) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because SID is now in overbought territory with an RSI value of 73.08.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet SID’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Companhia Siderurgica Nacional’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of SID’s prospects for the near term.

Over the past two months, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for SID has also been on a downward trend over the same time period too, as the estimate has fallen from $0.29/share two months ago to just $0.24/share today.

If this wasn’t enough, Companhia Siderurgica Nacional also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

United Continental Holdings, Inc. (UAL) Jumps: Stock Surges 12.7%

Posted Fri Jul 11, 09:11 am ET

by Zacks Equity Research

United Continental Holdings, Inc. (UAL) was a big mover last session, as the company saw its shares rise by nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 13.26% in the past seven days.

The company has seen three positive and one negative revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for United Continental. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

United Continental currently has a Zacks Rank #3 (Hold) with a positive Earnings ESP .

Some better-ranked stocks in the airlines industry include Alaska Air Group, Inc. (ALK), American Airlines Group Inc. (AAL) and ANA Holdings Inc. (ALNPY). Each of these stocks sports a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Huaneng Power International (HNP) Enters Overbought Territory

Posted Fri Jul 11, 09:09 am ET

by Zacks Equity Research

Huaneng Power International Inc (HNP) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because HNP is now in overbought territory with an RSI value of 77.53.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet HNP’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Huaneng Power International’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of HNP’s prospects for the near term.

Over the past two months, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for HNP has also been on a downward trend over the same time period too, as the estimate has fallen from $5.33/share two months ago to just $5.32/share today.

If this wasn’t enough, Huaneng Power International also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Zumiez (ZUMZ) Looks Good: Stock Adds 6.4% in Session

Posted Fri Jul 11, 09:04 am ET

by Zacks Equity Research

Zumiez, Inc. (ZUMZ) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $26.99 to $28.99 in the past one-month time frame.

The company has seen one positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead for Zumiez. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Zumiez currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other players in the retail-apparel/shoe industry, which look attractive at current levels, include Christopher & Banks Corporation (CBK), Citi Trends, Inc. (CTRN) and The Men's Wearhouse, Inc. (MW). All these stocks sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Liquidity Services Slumps: LQDT Tanks 12.7% in Session

Posted Fri Jul 11, 09:00 am ET

by Zacks Equity Research

Liquidity Services, Inc. (LQDT) saw a big move last session, as the company’s shares fell nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LQDT, as the stock is now down 18.4% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side. However, the consensus estimate trend has gone down. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LQDT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the services sector include Ritchie Bros. Auctioneers Incorporated (RBA), Sotheby's (BID) and The Kroger Co. (KR). All these stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Cray (CRAY) Jumps: Stock Rises 15.7%

Posted Fri Jul 11, 08:57 am ET

by Zacks Equity Research

Cray Inc. (CRAY) was a big mover last session, as the company saw its shares rise nearly 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.96 to $29.78 in the past one-month time frame.
 
The company has no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
 
Cray currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
However, better-ranked stocks in the computer and technology sector include Autodesk, Inc. (ADSK), Advanced Micro Devices, Inc. (AMD) and Aspen Technology, Inc. (AZPN). All of these sport a Zacks Rank #1 (Strong Buy).
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Geospace Technologies (GEOS) in Focus: Stock Tumbles 8.0%

Posted Fri Jul 11, 08:57 am ET

by Zacks Equity Research

Geospace Technologies Corporation (GEOS) saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GEOS, as the stock is now down over 17% since Jun 30.

The technical instruments manufacturer has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GEOS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broader technology sector include Garmin Ltd. (GRMN), EchoStar Corp. (SATS) and Skyworks Solutions Inc. (SWKS). All these stocks sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.  Click to get this free report >>

Time to Focus on Constellation Brands (STZ) for Strong Earnings Growth Potential

Posted Fri Jul 11, 08:56 am ET

by Zacks Equity Research

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Constellation Brands Inc. (STZ). This firm, which is in consumer goods sector, saw EPS growth of 48.4% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 31.2%. Furthermore, the long-term growth rate is currently an impressive 17.3%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by 3.4%. Thanks to this rise in earnings estimates, STZ has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider STZ. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for STZ as well.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Capital Product Partners (CPLP) in Focus: Stock Falls By 6.0%

Posted Fri Jul 11, 08:54 am ET

by Zacks Equity Research

Capital Product Partners L.P. (CPLP) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as CPLP is now trading within the volatile price range of $10.7 to $11.6 in the past one-month time frame.

This Shipping company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CPLP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Transportation-Shipping industry include Euroseas, Ltd. (ESEA), Navios Maritime Holdings Inc. (NM) and DHT Holdings, Inc. (DHT).  While Euroseas and Navios Maritime carry a Zacks Rank #1 (Strong Buy), DHT Holdings hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


 

Weakness Seen in Tile Shop Holdings (TTS): Stock Tumbles 9.3%

Posted Fri Jul 11, 08:51 am ET

by Zacks Equity Research

Tile Shop Holdings, Inc. (TTS) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TTS, as the stock is now down 24.9% in the past one-month time frame.

Tile Shop Holdings has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increase, 1 decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

TTS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the construction sector include Beazer Homes USA Inc. (BZH), DR Horton Inc. (DHI) and Gafisa S.A. (GFA). All these stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Immersion Corp. (IMMR) Soars: Stock Adds 11.5% in Session

Posted Fri Jul 11, 08:51 am ET

by Zacks Equity Research

Immersion Corporation (IMMR) was a big mover last session, as its shares rose almost 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent trend for the company, as the stock is now up nearly 25% in the past one-month timeframe.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Immersion Corp. currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the computer and technology sector include Autodesk, Inc. (ADSK), Advanced Micro Devices, Inc. (AMD) and Avago Technologies Limited (AVGO). While Advanced Micro Devices and Autodesk sport a Zacks Rank #1 (Strong Buy), Avago Technologies carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Is Virtus Investment Partners (VRTS) a Great Growth Stock?

Posted Fri Jul 11, 08:50 am ET

by Zacks Equity Research

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Virtus Investment Partners, Inc. (VRTS). This firm, which is in the Financial Investment Management Industry space, saw EPS growth of 91.4% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 19.2%. Furthermore, the long-term growth rate is currently an impressive 15.5%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 1.7%. Thanks to this rise in earnings estimates, VRTS has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider VRTS. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for VRTS as well.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Why Earnings Season Could Be Great for Commerce Bancshares (CBSH)

Posted Fri Jul 11, 08:49 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Commerce Bancshares, Inc. (CBSH) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Commerce Bancshares is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for CBSH in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 69 cents per share for CBSH, compared to a broader Zacks Consensus Estimate of 68 cents per share. This suggests that analysts have very recently bumped up their estimates for CBSH, giving the stock a Zacks Earnings ESP of 1.47% heading into earnings season.

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that CBSH has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Commerce Bancshares, and that a beat might be in the cards for the upcoming report.  

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Stock Building Supply Holdings (STCK) Falls: Stock Goes Down 5.8%

Posted Fri Jul 11, 08:48 am ET

by Zacks Equity Research

Stock Building Supply Holdings, Inc. (STCK) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for STCK as the stock is now down 12.7% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as Stock Building Supply Holdings has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

Stock Building Supply Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Some better-ranked stocks in the construction sector include Beazer Homes USA Inc. (BZH), DR Horton Inc. (DHI) and Gafisa S.A. (GFA). All these stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



Weakness Seen in Golden Minerals (AUMN): Stock Tumbles 9.8%

Posted Fri Jul 11, 08:45 am ET

by Zacks Equity Research

Golden Minerals Company (AUMN) saw a big move last session, as the company’s shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for AUMN as the stock is now up over 79% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the mining company has seen 1 negative revision in the past few weeks. Its current year consensus which was a loss has moved wider over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AUMN currently has a Zacks Rank #3 (Hold) while its  Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Hi-Crush Partners LP (HCLP), Cameco Corporation (CCJ) and Dominion Diamond Corporation (DDC). While Hi-Crush Partners holds a Zacks Rank #1 (Strong Buy), Cameco and Dominion Diamond carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Can Silicon Motion Technology (SIMO) Run Higher on Strong Earnings Estimate Revisions?

Posted Fri Jul 11, 08:45 am ET

by Zacks Equity Research

Silicon Motion Technology Corp. (SIMO) is a fables semiconductor company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SIMO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Silicon Motion Technology could be a solid choice for investors.

Current Quarter Estimates for SIMO

In the past 30 days, 1 estimate has gone higher for Silicon Motion Technology while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 21 cents a share 30 days ago, to 27 cents today, a move of 28.6%.

Current Year Estimates for SIMO

Meanwhile, Silicon Motion Technology’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 86 cents per share 30 days ago to $1.03 per share today, an increase of 19.8%.

Bottom Line

The stock has also started to move higher lately, adding 22.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Can Synaptics (SYNA) Stock Continue to Grow Earnings?

Posted Fri Jul 11, 08:44 am ET

by Zacks Equity Research


Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Synaptics Inc. (SYNA). This firm, which is in the Computer Peripherals Equipment industry, saw EPS growth of 80.3% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 22.0%. Furthermore, the long-term growth rate is currently an impressive 18.3%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 5.1%. Thanks to this rise in earnings estimates, SYNA has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider SYNA. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for SYNA as well.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Falling Earnings Estimates Signal Weakness Ahead for The Container Store (TCS)

Posted Fri Jul 11, 08:44 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is The Container Store Group, Inc. (TCS), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in TCS.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 5 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 58 cents a share a month ago to its current level of 49 cents.

Also, for the current quarter, The Container Store has seen 4 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 11 cents a share from 14 cents over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 10.05% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Consumer Products sector, you may instead consider a better-ranked stock like Alliance Summer Infant, Inc. (SUMR). Investors interested in the broader Retail industry may consider Christopher & Banks Corporation (CBK) and Citi Trends, Inc. (CTRN). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.

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Strength Seen in American Apparel, Inc. (APP): Stock Surges 21.2%

Posted Fri Jul 11, 08:44 am ET

by Zacks Equity Research


American Apparel, Inc. (APP) was a big mover last session, as the company saw its shares catapult over 21% on the day. This massive rally can be attributable to solid volume with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $0.53 to $0.97 in the past one-month time frame.

In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged. However, yesterday’s price action is encouraging, so make sure to keep a close watch on this firm in the near future.

American Apparel currently has a Zacks Rank #3 (Hold) while its  Earnings ESP is 0.00%.

Some better-ranked stocks in the retail apparel shoe industry include Citi Trends, Inc. (CTRN) and Christopher & Banks Corporation (CBK) with a Zacks Rank #1 (Strong Buy), while The Men's Wearhouse, Inc. (MW) carries a Zacks Rank #2 (Buy).

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Why Intel (INTC) Might Surprise This Earnings Season

Posted Fri Jul 11, 08:43 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Intel Corporation (INTC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
 
That is because Intel is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for INTC in this report.
 
In fact, the Most Accurate Estimate for the current quarter is currently at 53 cents per share for INTC, compared to a broader Zacks Consensus Estimate of 52 cents per share. This suggests that analysts have very recently bumped up their estimates for INTC, giving the stock a Zacks Earnings ESP of 1.92% heading into earnings season.
 
Why is this Important?
 
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
 
Given that INTC has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Intel, and that a beat might be in the cards for the upcoming report.
 
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Sarepta Therapeutics Slumps: SRPT Tanks 12.9% in Session

Posted Fri Jul 11, 08:42 am ET

by Zacks Equity Research

Sarepta Therapeutics, Inc. (SRPT) saw a big move last session, as the company’s shares fell by nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SRPT, as the stock is now down 31.9% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as though the biopharmaceutical company has seen no negative revision in the past few weeks, its current year loss consensus has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the
earnings picture definitely suggests that this might be the case.

SRPT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Med-Biomed/Gene industry include Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Curis, Inc. (CRIS). All these stocks carry a Zacks Rank #1 (Strong Buy).

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Mechel (MTL) in Focus: Stock Tumbles 8.5%

Posted Fri Jul 11, 08:39 am ET

by Zacks Equity Research

Mechel OAO (MTL) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MTL, as the stock is now down 23.3% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the global mining and metals company has seen 1 negative revision in the past few weeks and its current year loss consensus has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MTL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Steel-Producers industry include Grupo Simec S.A.B. de C.V. (SIM), Universal Stainless & Alloy Products Inc. (USAP) and Olympic Steel Inc. (ZEUS). Among these stocks, Grupo Simec and Universal Stainless carry a Zacks Rank #1 (Strong Buy) and Olympic Steel carries a Zacks Rank #2 (Buy).

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Why Lennar (LEN) Could Be an Impressive Growth Stock

Posted Fri Jul 11, 08:38 am ET

by Zacks Equity Research

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
 
One such company that might be well-positioned for future earnings growth is Lennar Corp. (LEN). This firm, which is in the residential industry, saw a significant EPS growth last year, and is looking great for this year too.
 
In fact, the current growth estimate for this year calls for earnings-per-share growth of 33.3%. Furthermore, the long-term growth rate is currently an impressive 17.2% suggesting pretty good prospects for the long haul.
 
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 4.2%. Thanks to this rise in earnings estimates, LEN has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
 
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider LEN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for LEN as well.
 
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Is a Surprise Coming for JB Hunt Transport (JBHT) This Earnings Season?

Posted Fri Jul 11, 08:37 am ET

by Zacks Equity Research


Investors are always looking for stocks that are poised to beat at earnings season and JB Hunt Transport Services Inc. (JBHT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because JB Hunt Transport is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for JBHT in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 80 cents per share for JBHT, compared to a broader Zacks Consensus Estimate of 79 cents per share. This suggests that analysts have very recently bumped up their estimates for JBHT, giving the stock a Zacks Earnings ESP of 1.27% heading into earnings season.

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that JBHT has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for JB Hunt Transport, and that a beat might be in the cards for the upcoming report.

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TRW Automotive Holdings Surges: Stock Up 8.2% in Session

Posted Fri Jul 11, 08:37 am ET

by Zacks Equity Research

TRW Automotive Holdings Corp. (TRW) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17.39% since Jun 12.

None of the estimates for this auto industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near term.

TRW Automotive Holdings carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the industry may also consider stocks like China Automotive Systems Inc. (CAAS), Gentex Corp. (GNTX) and Meritor, Inc. (MTOR). All these stocks sport a Zacks Rank #1 (Strong Buy).

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Weakness Seen in Eros International (EROS): Stock Falls 5.2%

Posted Fri Jul 11, 08:36 am ET

by Zacks Equity Research


Eros International Plc (EROS) saw a big move in the last trading session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for EROS, as the stock is now down nearly 14% since Jun 17.

The company, which co-produces, acquires, and distributes Indian language films in various formats worldwide, has not seen any estimate revision over the past month, though the current year earnings consensus has moved higher over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

EROS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Consumer Discretionary sector may consider better-ranked stocks like Michael Kors Holdings Limited (KORS), Strayer Education Inc. (STRA) and DeVry Education Group Inc. (DV), each carrying a Zacks Rank #1 (Strong Buy).

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Surging Earnings Estimates Signal Good News for Park Electrochemical (PKE)

Posted Fri Jul 11, 08:35 am ET

by Zacks Equity Research

Park Electrochemical Corp. (PKE) is a miscellaneous electronic components company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PKE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Park Electrochemical could be a solid choice for investors.

Current Quarter Estimates for PKE

In the past 30 days, 1 estimate has gone higher for Park Electrochemical while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 38 cents today, a move of 11.8%.

Current Year Estimates for PKE

Meanwhile, Park Electrochemical’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.29 per share 30 days ago to $1.49 per share today, an increase of 15.5%.

Bottom Line

The stock has also started to move higher lately, adding 20.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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Should You Get Rid of Kamada (KMDA) Now?

Posted Fri Jul 11, 08:34 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Kamada Ltd. (KMDA), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in KMDA.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revision. This has caused the consensus estimate to trend lower, going from breakeven a month ago to its current level of loss of 5 cents.

Also, for the current quarter, Kamada has seen 1 downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to breakeven from 1 cent over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 16.65% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Med-biomed/Gene sector, you may instead consider some better-ranked stocks including Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Curis, Inc. (CRIS). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.


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Axiall Corporation (AXLL) Falls: Stock Goes Down 5.1%

Posted Fri Jul 11, 08:33 am ET

by Zacks Equity Research

Axiall Corporation (AXLL) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $45.36–$48.98 in the past one-month time frame, showed a sharp decline yesterday at $45.15.
 
This slump shouldn’t be too much of a surprise to investors, as the chemical products company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
 
AXLL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
 
Some better-ranked stocks in the basic materials sector include KMG Chemicals Inc. (KMG), Ashland Inc. (ASH) and Celanese Corporation (CE). While KMG Chemicals carries a Zacks Rank #1 (Strong Buy), Ashland and Celanese Corporation hold a Zacks Rank #2 (Buy).
 
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Looking for a Growth Stock? Why It is Time to Focus on SM Energy (SM)

Posted Fri Jul 11, 08:32 am ET

by Zacks Equity Research

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is SM Energy Company (SM). This firm, which is in the Oil-US Exploration and Production industry saw EPS growth of 259.83% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 55.6%. Furthermore, the long-term growth rate is currently an impressive 17.77%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 1.67%. Thanks to this rise in earnings estimates, SM has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider SM. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for SM as well.

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Should You Buy Johnson & Johnson (JNJ) Ahead of Earnings?

Posted Fri Jul 11, 08:31 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Johnson & Johnson (JNJ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
 
That is because Johnson & Johnson is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for JNJ in this report.
 
In fact, the Most Accurate Estimate for the current quarter is currently at $1.55 per share for JNJ, compared to a broader Zacks Consensus Estimate of $1.54 per share. This suggests that analysts have very recently bumped up their estimates for JNJ, giving the stock a Zacks Earnings ESP of 0.65% heading into earnings season.
 
Why is this Important?
 
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
 
Given that JNJ has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Johnson & Johnson, and that a beat might be in the cards for the upcoming report.
 
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Why Penn West Petroleum (PWE) Could Be a Potential Winner

Posted Fri Jul 11, 08:30 am ET

by Zacks Equity Research

It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.

So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Penn West Petroleum Ltd. (PWE). This stock of this Oil and Natural Gas Producers in Canada has actually seen significant estimates rise over the past month for the current fiscal year.  But that is not yet reflected in its price, as the stock lost 4.8% over the same time frame.

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 101.2%, which should ultimately translate into price appreciation.

And if this isn’t enough, PWE currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Penn West Petroleum. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for PWE and that now might be an interesting buying opportunity.

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Lexicon (LXRX) Jumps: Stock Moves 7.6% Higher

Posted Thu Jul 10, 09:46 am ET

by Zacks Equity Research

Lexicon Pharmaceuticals, Inc. (LXRX) was a big mover last session with its shares rising nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost almost 4% in the past one-month time frame.

This biotechnology company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lexicon currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Investors interested in the biomedical industry may also consider stocks like Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Osiris Therapeutics, Inc. (OSIR). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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Why A Short Covering Rally Might Come for Petmed Express (PETS) Stock

Posted Thu Jul 10, 09:42 am ET

by Zacks Equity Research

Many investors appear to be quite bearish on Petmed Express Inc (PETS), especially if you look at the percentage of the float that is sold short for this stock. Currently, 24.20% of the float is sold short, suggesting an extreme level of bearishness for PETS.

While investors might be piling up against this stock for any number of reasons, it is important to note that PETS has seen some weakness as of late, as the security hasn’t been able to get into positive territory over the past four weeks, losing 1.81% in the time frame.

Better Trading Ahead?

While the short interest and the recent performance are certainly troubling, there is reason to be optimistic on this stock. Recent earnings estimate activity has actually been quite positive as of late, even in the face of such widespread pessimism.

Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on PETS, so we clearly don’t believe in the negativity surrounding this firm. After all, it is hard not to be at least a little optimistic on the short term when you consider that 1 estimate has moved higher in the past 60 days compared to none lower in the same time frame, while the consensus has also increased.

Given this, a short-covering rally is certainly in the cards for PETS stock, especially if investors embrace the positive earnings estimate revision picture, suggesting that PETS could definitely move higher in the weeks ahead.

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Columbia Property Trust (CXP) is Oversold: Can It Recover?

Posted Thu Jul 10, 09:41 am ET

by Zacks Equity Research

Columbia Property Trust Inc (CXP) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at CXP given that, according to its RSI reading of 26.87, it is now in oversold territory.
 
What is RSI?
 
RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
 
Other Factors
 
Yet, CXP’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Columbia Property Trust’s earnings consensus.
 
Over the past two months, investors have seen 1 earnings estimate revision move higher, compared with just none lower, at least when looking at the key current year time frame. And the consensus estimate for CXP has also been on an upward trend over the past 60 days, as estimates have risen from $1.94/share two months ago to just $1.97/share right now. 
 
If this wasn’t enough, Columbia Property Trust also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.
 
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New Gold (NGD) Soars: Stock Rises 5.2%

Posted Thu Jul 10, 09:39 am ET

by Zacks Equity Research

New Gold, Inc. (NGD) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down nearly 3% in the past one-month timeframe.

In the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm going forward.

New Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Other better-ranked stocks in the gold mining industry include DRDGOLD Ltd. (DRD), Agnico Eagle Mines Limited (AEM) and Gold Resource Corp (GORO). All three carry a Zacks Rank #2 (Buy).

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Jabil Circuit (JBL) Stock: Moving Average Crossover Alert

Posted Thu Jul 10, 09:37 am ET

by Zacks Equity Research

Jabil Circuit, Inc. (JBL) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. JBL just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of JBL have jumped by 5.5% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #1 (Strong Buy), so it could have more room to run in the weeks ahead too.

More bullishness may especially be the case when investors consider what has been happening for JBL on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

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Moving Average Crossover Alert: Gamco Investors (GBL)

Posted Thu Jul 10, 09:36 am ET

by Zacks Equity Research

Gamco Investors Inc (GBL) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for GBL broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 3.9% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for GBL on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

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MasTec (MTZ): Moving Average Crossover Alert

Posted Thu Jul 10, 09:34 am ET

by Zacks Equity Research

MasTec, Inc. (MTZ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for MTZ broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 10.6% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for MTZ stock.

If that wasn’t enough, MasTec isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.

Consider that in the last 30 days, 1 estimate has been reduced, while none has moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.

That is why we currently have a Zacks Rank #5 (Strong Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for MTZ.

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Noranda Aluminum (NOR) Shares March Higher, Can It Continue?

Posted Thu Jul 10, 09:32 am ET

by Zacks Equity Research

As of late, it has definitely been a great time to be an investor in Noranda Aluminum Holding Corporation (NOR). The stock has moved higher by 14.9% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider NOR’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as NOR has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.

Matson, Inc. (MATX)in Focus: Stock Moves 6.0% Higher

Posted Thu Jul 10, 09:32 am ET

by Zacks Equity Research

Matson, Inc. (MATX) was a big mover last session, as the company saw its shares rise 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company, as the stock is now up 16.57% since Jun 24.

None of the estimates for this stock were revised over the last 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Matsoncarries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the trans-servicesindustry include GrupoAeroportuariodel Centro Norte, S.A.B. de C.V. (OMAB), GrupoAeroportuario del Pacifico S.A.B. de CV (PAC) and CH Robinson Worldwide Inc. (CHRW). While, GrupoAeroportuariodel Centro Norte and GrupoAeroportuario del Pacifico sport a Zacks Rank #1 (Strong Buy), Robinson Worldwide holds a Zacks Rank #2 (Buy).

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Can the Rally in DRDGOLD (DRD) Shares Continue?

Posted Thu Jul 10, 09:31 am ET

by Zacks Equity Research

DRDGOLD Ltd. (DRD) has been on the move lately as the stock has risen by 32.9% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue?

While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on DRD is moving in the right direction. In fact, the stock currently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company.

Will Endeavour Silver (EXK) Continue to Surge Higher?

Posted Thu Jul 10, 09:30 am ET

by Zacks Equity Research

As of late, it has definitely been a great time to be an investor in Endeavour Silver Corp (EXK). The stock has moved higher by 39.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider EXK’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as EXK has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.

Zacks Rank #5 Additions for Thursday

Posted Thu Jul 10, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

  • Atlas Energy LP ( ATLS )
  • Carmike Cinemas, Inc. ( CKEC )
  • Chuy's Holdings Inc (CHUY )
  • Snyder's-Lance Inc (LNCE)
  • Third Point Reinsurance Ltd (TPRE)

View the entire Zacks Rank #5 List.

 

Zacks Rank #1 Additions for Thursday

Posted Thu Jul 10, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

  • Air Lease Corp (AL)
  • Allegiant Travel Company (ALGT)
  • Ameren Corp (AEE)
  • ARC Document Solutions Inc (ARC)
  • Atlas Air Worldwide Holdings, Inc. (AAWW)

View the entire Zacks Rank #1 List.

 

Can The Uptrend Continue for Silicon Motion (SIMO)?

Posted Thu Jul 10, 09:29 am ET

by Zacks Equity Research

Investors certainly have to be happy with Silicon Motion Technology Corp. (SIMO) and its short term performance. After all, the stock has jumped by 27.8% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for SIMO?

While we can never know for sure, it is pretty encouraging that estimates for SIMO have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

Grupo Financiero Galicia (GGAL) Shares March Higher, Can It Continue?

Posted Thu Jul 10, 09:28 am ET

by Zacks Equity Research

As of late, it has definitely been a great time to be an investor in Grupo Financiero Galicia S.A. (GGAL). The stock has moved higher by 10.1% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider GGAL’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as GGAL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.

China Cord Blood (CO) in Focus: Stock Rises 5.3%

Posted Thu Jul 10, 09:25 am ET

by Zacks Equity Research

China Cord Blood Corporation (CO) was a big mover last session with its shares rising over 5% on the day. The move came on solid volume too with far more shares of changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost nearly 16% since June 23.
 
This provider of umbilical cord blood storage and ancillary services has seen 2 negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.

China Cord Blood currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the home health care industry may also consider stocks like AmSurg Corp. (AMSG), Amedisys Inc. (AMED) and RadNet, Inc. (RDNT). All the three stocks bear a Zacks Rank #2 (Buy).

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Acasti Pharma Inc. (ACST) Jumps: Stock Rises 7.6%

Posted Thu Jul 10, 09:21 am ET

by Zacks Equity Research

Acasti Pharma Inc. (ACST) was a big mover last session, as the company saw its shares rise by roughly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now 20% in the past one-month time frame.

This generic drug company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Acasti Pharma has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Akorn, Inc. (AKRX), Mallinckrodt plc (MNK) and Celator Pharmaceuticals, Inc. (CPXX). While Akorn and Mallinckrodt hold a Zacks Rank #1 (Strong Buy), Celator Pharmaceuticals carries a Zacks Rank #2 (Buy).

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Alcoa Inc. (AA) in Focus: Stock Moves 5.7% Higher

Posted Thu Jul 10, 09:18 am ET

by Zacks Equity Research

Alcoa Inc. (AA) was a big mover last session, as the company saw its shares rise by roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now over 10% in the past one-month time frame.

This aluminium company has seen five positive and two negative estimate revisions over the past 30 days and its Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for Alcoa. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Alcoa has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Kazakhmys plc (KZMYY), Paramount Gold and Silver Corp. (PZG) and Thompson Creek Metals Company Inc. (TC). All these stocks carry a Zacks Rank #2 (Buy).

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Primero Mining Corp. (PPP) Jumps: Stock Adds 6% in Session

Posted Thu Jul 10, 09:11 am ET

by Zacks Equity Research

Primero Mining Corp. (PPP) was a big mover last session, as the company saw its shares rise by nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 22.86% in the past one-month time frame.

The company has seen one negative and one positive estimate revisions in the past 30 days, while the Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Primero Mining currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked gold stocks include Agnico Eagle Mines Limited (AEM), DRDGOLD Ltd. (DRD) and Gold Resource Corp (GORO). Each of these stocks holds a Zacks Rank #2 (Buy).

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AeroVironment (AVAV) Soars: Stock Adds 13.2% in Session

Posted Thu Jul 10, 09:04 am ET

by Zacks Equity Research

AeroVironment, Inc. (AVAV) was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.96 to $34.75 since Jun 12, 2014.

The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

AeroVironment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Other better-ranked stocks in the aerospace-defense equipment industry include American Science & Engineering Inc. (ASEI), B/E Aerospace Inc. (BEAV) and CAE Inc. (CAE). All these stocks sport a Zacks Rank #2 (Buy).

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Lumber Liquidators (LL) in Focus: Stock Tumbles 8.1%

Posted Thu Jul 10, 08:59 am ET

by Zacks Equity Research

Lumber Liquidators Holdings, Inc. (LL) saw a big move last session, as the company’s shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LL, as the stock is now down nearly 11% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the specialty retailer of hardwood flooring has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

LL currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include Fastenal Company (FAST), Aaron's, Inc. (AAN) and Advance Auto Parts Inc. (AAP). All these stocks hold a Zacks Rank #2 (Buy).

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Others Overlooked Midstates Petroleum (MPO), Should You Buy It Now?

Posted Thu Jul 10, 08:57 am ET

by Zacks Equity Research

It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.   

One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Midstates Petroleum Company, Inc. (MPO). This Oil-US Exploration & Production stock has actually seen estimates rise over the past month for the current fiscal year by about 70%. But that is not yet reflected in its price, as the stock lost 2.56% over the same time frame.

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is significant which should ultimately translate into price appreciation.

And if this isn’t enough, MPO currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Midstates Petroleum. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for MPO and that now might be an interesting buying opportunity.

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LogMeIn (LOGM) Crumbles: Stock Falls by 6.6%

Posted Thu Jul 10, 08:54 am ET

by Zacks Equity Research

LogMeIn, Inc. (LOGM) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LOGM, as the stock is now down 12.2% since Jun 20.

LogMeIn has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LOGM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the computer services sector include Ebix Inc. (EBIX), Lionbridge Technologies Inc. (LIOX) and CGI Group, Inc. (GIB). While Ebix and Lionbridge Technologies carry a Zacks Rank #1 (Strong Buy), CGI Group holds a Zacks Rank #2 (Buy).

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Why the Earnings Streak Will Continue for Oaktree Capital Group, LLC (OAK)

Posted Thu Jul 10, 08:53 am ET

by Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Oaktree Capital Group, LLC (OAK), a firm in the Financial Investment Management sector, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, OAK has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, OAK expected to earn $1.14 per share, while it actually produced earnings of $1.92 per share, a beat of 68.4%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.08 per share, when it actually saw earnings of $1.34 per share instead, representing a 24.1% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Oaktree Capital. In fact, the Earnings ESP for OAK is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for OAK, as the firm currently has a Zacks Earnings ESP of 27.12%, so another beat could be around the corner.

This is particularly true when you consider that OAK has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that OAK could see another beat at its next report, especially if recent trends are any guide.

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Falling Earnings Estimates Signal Weakness Ahead for Bebe (BEBE)

Posted Thu Jul 10, 08:52 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
 
One such stock that you may want to consider dropping is Bebe Stores, Inc. (BEBE), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in BEBE.
 
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from a loss of 67 cents a share a month ago to its current level of a loss of 68 cents.
 
Also, for the current quarter, Bebe has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of18 cents a share from a loss of 17 cents over the past 30 days.  
 
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.8% in the past month.
 
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
 
If you are still interested in the retail sector, you may instead consider some better-ranked stocks including Christopher & Banks Corporation (CBK), Citi Trends, Inc. (CTRN) and The Men's Wearhouse, Inc. (MW). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.
 
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Why Macquarie Infrastructure (MIC) Could Be Positioned For a Surge

Posted Thu Jul 10, 08:51 am ET

by Zacks Equity Research

Macquarie Infrastructure Company LLC (MIC) is a diversified infrastructure company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
 
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MIC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Macquarie Infrastructure could be a solid choice for investors.
 
Current Quarter Estimates for MIC
 
In the past 30 days, though no estimates have moved upwards, the trend has been pretty, with estimates increasing from 30 cents a share 30 days ago, to 36 today, a move of 20%.
 
Current Year Estimates for MIC
 
Meanwhile, Macquarie Infrastructure’s current year figures are also looking quite promising, as the consensus estimate trend has seen a boost for this time frame, increasing from $1.31 per share 30 days ago to $1.45 per share today, an increase of 10.7%.
 
Bottom Line
 
The stock has also started to move higher lately, adding 12.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
 
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Sandstorm Gold (SAND) Jumps: Stock Adds 5.6% in Session

Posted Thu Jul 10, 08:51 am ET

by Zacks Equity Research

Sandstorm Gold Ltd. (SAND) was a big mover last session, as its shares rose nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up over 40% in the past one-month timeframe.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm going forward.

Sandstorm Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the gold mining industry include DRDGOLD Ltd. (DRD), Agnico Eagle Mines Limited (AEM) and Gold Resource Corp (GORO). All three carry a Zacks Rank #2 (Buy).

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Why Noble Corp. (NE) Might Surprise This Earnings Season

Posted Thu Jul 10, 08:50 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Noble Corp. (NE) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Noble Corp. is seeing favourable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favourable trends underneath the surface for NE in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 69 cents per share for NE, compared to a broader Zacks Consensus Estimate of 68 cents per share. This suggests that analysts have very recently bumped up their estimates for NE, giving the stock a Zacks Earnings ESP of 1.5% heading into earnings season.

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year back test shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that NE has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Noble Corp., and that a beat might be in the cards for the upcoming report.

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Siliconware Precision (SPIL) Falls: Stock Goes Down 6.0%

Posted Thu Jul 10, 08:49 am ET

by Zacks Equity Research


Siliconware Precision Industries Co. Ltd. (SPIL) saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as SPIL is now trading within the volatile price range of $8.03 to $8.88 in the past one-month time frame.
    
The company, a provider of semiconductor packaging and testing services, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

SPIL currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Computer & Technology sector may consider better-ranked stocks like Advanced Micro Devices, Inc. (AMD), Broadcom Corp. (BRCM) and Cvent, Inc. (CVT), each of which holds a Zacks Rank #1 (Strong Buy).

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Weakness Seen in KBR (KBR) Estimates: Should You Stay Away?

Posted Thu Jul 10, 08:47 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is KBR, Inc. (KBR), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4(Sell) further confirms weakness in KBR.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 11 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.84 a share a month ago to its current level of 86 cents.

Also, for the current quarter, KBR has seen 8 downward estimate revisions versus 1 revision in the opposite direction, dragging the consensus estimate down to 30 cents a share from 43 cents over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.0% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the business services sector, you may instead consider some better-ranked stocks including Sotheby’s (BID), Avis Budget Group, Inc. (CAR) and Total System Services, Inc. (TSS). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.

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Molycorp Slumps: MCP Falls 16.8% in Session

Posted Thu Jul 10, 08:44 am ET

by Zacks Equity Research

Molycorp, Inc. (MCP) saw a big move last session, as the company’s shares fell by almost 17% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MCP, as the stock is now down over 36% since Jun 19, 2014.
 
The metal products company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
 
MCP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the same sector include Noranda Aluminum Holding Corp. (NOR), Reliance Steel & Aluminum Co. (RS) and MAG Silver Corp. (MVG). All these stocks hold a Zacks Rank #2 (Buy).
 
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Aerie Pharmaceuticals, Inc. (AERI) in Focus: Stock up 8.37%

Posted Thu Jul 10, 08:44 am ET

by Zacks Equity Research


Aerie Pharmaceuticals, Inc. (AERI) was a big mover last session, as the company saw its shares rise over 8% on the day. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $16.73 to $26.98 in the past one-month time frame, showed a pick-up yesterday at $26.40.

In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged. However, yesterday’s price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Aerie Pharmaceuticals currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other attractive players in the healthcare industry include Synergy Pharmaceuticals, Inc. (SGYP), carrying a Zacks Rank #1 (Strong Buy) along with BioCryst Pharmaceuticals, Inc. (BCRX) and Ohr Pharmaceutical, Inc. (OHRP) with a Zacks Rank #2 (Buy).

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Will Curis (CRIS) Crush Estimates at Its Next Earnings Report?

Posted Thu Jul 10, 08:43 am ET

by Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Curis, Inc. (CRIS), a firm in the Biomedicine industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CRIS has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, CRIS expected a loss of 7 cents per share, while it actually reported a loss of 6 cents per share, an improvement of 14.3%. Meanwhile, for the most recent quarter also, the company expected a loss of 7 cents per share, when it actually saw a loss of 6 cents per share instead, representing a 14.3% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Curis. In fact, the Earnings ESP for CRIS is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CRIS, as the firm currently has a Zacks Earnings ESP of 33.33%, so another beat could be around the corner.

This is particularly true when you consider that CRIS has a great Zacks Rank #1(Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that CRIS could see another beat at its next report, especially if recent trends are any guide.

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Why The Dixie Group (DXYN) Could Be Positioned for a Slump

Posted Thu Jul 10, 08:42 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is The Dixie Group, Inc. (DXYN), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DXYN.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 60 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 72 cents a share two months ago to its current level of 52 cents.

Also, for the current quarter, The Dixie Group has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate to a loss of 1 cent a share from a profit of 22 cents over the past 60 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 16.1% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the industrial products sector, you may instead consider some better-ranked stocks including Blount International Inc. (BLT), EnerSys (ENS) and Harsco Corporation (HSC). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.

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Can DragonWave (DRWI) Run Higher on Strong Earnings Estimate Revisions?

Posted Thu Jul 10, 08:41 am ET

by Zacks Equity Research


DragonWave Inc. (DRWI), a provider of high-capacity packet microwave solutions, is a company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DRWI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that DragonWave could be a solid choice for investors.

Current Quarter Estimates for DRWI

In the past 30 days, DragonWave has not seen any estimate revision in either direction. But the trend has been pretty favorable, with estimates narrowing from a loss of 14 cents per share 30 days ago, to a loss of 13 cents a share today, a move of 7.1%.

Current Year Estimates for DRWI

Meanwhile, DragonWave’ current year figures have seen 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 40 cents per share 30 days ago to a loss of 36 cents per share today, an increase of 10.0%.

Bottom Line    

The stock has also started to move higher lately, adding 67.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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Should You Buy American Airlines (AAL) Ahead of Earnings?

Posted Thu Jul 10, 08:40 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. (AAL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because American Airlines is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for AAL in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at $1.93 per share for AAL, compared to a broader Zacks Consensus Estimate of $1.82 per share. This suggests that analysts have very recently bumped up their estimates for AAL, giving the stock a Zacks Earnings ESP of 6.04% heading into earnings season.

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that AAL has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for American Airlines, and that a beat might be in the cards for the upcoming report.

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The Container Store (TCS) in Focus: Stock Tumbles 8.4%

Posted Thu Jul 10, 08:39 am ET

by Zacks Equity Research

The Container Store Group, Inc. (TCS) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for TCS, as the stock is down over 17% since Jun 20.
 
This Consumer Products provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
TCS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
 
A better-ranked stock in the Consumer Products Industry  include Summer Infant, Inc. (SUMR), which holds a Zacks Rank #1 (Strong Buy).
 
Investors interested in the Consumer Staples sector may consider better-ranked stocks like The Hain Celestial Group, Inc. (HAIN) and Journal Communications Inc. (JRN). Both the stocks carry a Zacks Rank #1 (Strong Buy).
 
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McEwen Mining (MUX) Jumps: Stock Rises 6.9% in Session

Posted Thu Jul 10, 08:37 am ET

by Zacks Equity Research

McEwen Mining Inc. (MUX) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.43 to $3.03 in the past one-month time frame.

None of the estimates for this mining-miscellaneous stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

McEwen Mining has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same sector include Hi-Crush Partners LP (HCLP), Cameco Corporation (CCJ) and Dominion Diamond Corporation (DDC). While Hi-Crush Partners sports a Zacks Rank #1 (Strong Buy), Cameco and Dominion Diamond hold a Zacks Rank #2 (Buy).

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What Falling Estimates & Price Mean for Quicksilver (ZQK)

Posted Thu Jul 10, 08:37 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Quicksilver Inc. (ZQK), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in ZQK.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the loss estimate to trend wider, going from 19 cents a share a month ago to its current level of 24 cents.

Also, for the current quarter, ZQK has seen 1 downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to 3 cents a share from 4 cents over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.79% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Textile Apparel industry, you may instead consider some better-ranked stocks including Columbia Sportswear Company (COLM), Hanesbrands Inc. (HBI) and Michael Kors Holdings Limited (KORS). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.

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Essex Rental Drops 28.9% Since Reporting Wider Q1 Loss (Revised)

Posted Thu Jul 10, 08:35 am ET

by Zacks Equity Research

Essex Rental Corp. (ESSX) reported loss per share of 13 cents for the quarter ended Mar 31. The loss was wider than year-ago period’s loss of 9 cents a share. Since the result release  on May 7, the company witnessed steep decline in its share prices and lost 28.9% so far.

The company, which is one of North America’s largest provider of lifting equipment used in construction projects, has seen a flat track record when it comes to current quarter and current year estimate revisions.

No estimates were revised in the last 30 days. The consensus estimates for the current quarter and current year stands at loss of 7 cents and 31 cents, respectively.

ESSX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks from the Business Services industry include Avis Budget Group, Inc. (CAR), Iron Mountain Inc. (IRM) and JTH Holding, Inc. (TAX). While Avis Budget Group holds a Zacks Rank #1 (Strong Buy), Iron Mountain and JTH Holding carry a Zacks Rank #2 (Buy).

(We are reissuing this article to correct a mistake. The original article, issued on July 8, 2014, should no longer be relied upon.)

 

Weakness Seen in TherapeuticsMD (TXMD): Stock Tumbles 8.4%

Posted Thu Jul 10, 08:34 am ET

by Zacks Equity Research

TherapeuticsMD, Inc. (TXMD) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $4.13–$5.47 in the past one-month time frame, showed a sharp decline yesterday at $5.01.

The specialty pharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for loss hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

TXMD currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Medical-Drugs industry include Synergy Pharmaceuticals, Inc. (SGYP), Aerie Pharmaceuticals, Inc. (AERI) and BioCryst Pharmaceuticals, Inc. (BCRX). Among these stocks, Synergy carries a Zacks Rank #1 (Strong Buy) and Aerie and BioCryst hold a Zacks Rank #2 (Buy).

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Why Arch Capital Group (ACGL) Could Beat Earnings Estimates Again

Posted Thu Jul 10, 08:33 am ET

by Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Arch Capital Group Ltd. (ACGL), a firm in the Property and Casualty Insurance industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ACGL has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, ACGL expected to earn 99 cents per share, while it actually produced earnings of $1.12 per share, a beat of 13.1%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.04 per share, when it actually saw earnings of $1.20 per share instead, representing a 15.4% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Arch Capital Group. In fact, the Earnings ESP for ACGL is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ACGL, as the firm currently has a Zacks Earnings ESP of 6.32%, so another beat could be around the corner.

This is particularly true when you consider that ACGL has a great Zacks Rank #1(Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ACGL could see another beat at its next report, especially if recent trends are any guide.

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What Makes Owens Corning (OC) a Strong Sell?

Posted Thu Jul 10, 08:32 am ET

by Zacks Equity Research

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is Owens Corning (OC), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in OC.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 13 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from $2.34 a share a month ago to its current level of $1.99.

Also, for the current quarter, Owens Corning has seen 13 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 47 cents from 74 cents a share over the past 30 days.   

The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.21% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Building & Construction-Miscellaneous industry, you may instead consider some better-ranked stocks including James Hardie Industries plc (JHX), Quanex Building Products Corporation (NX) and Simpson Manufacturing Co., Inc. (SSD). All these stocks hold a Zacks Rank #2 (Buy) and may be better selections at this time.

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Earnings Estimates Moving Higher for Amedisys (AMED): Time to Buy?

Posted Thu Jul 10, 08:31 am ET

by Zacks Equity Research


Amedisys Inc. (AMED), a leading provider of home health and hospice care services, is a company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMED’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Amedisys could be a solid choice for investors.

Current Quarter Estimates for AMED

In the past 30 days, 2 estimates have gone higher for Amedisys with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 penny per share 30 days ago, to 17 cents a share today, a move of 1600.0%.

Current Year Estimates for AMED

Meanwhile, Amedisys’s current year figures have seen 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 6 cents per share 30 days ago to 16 cents per share today, an increase of 266.7%.

Bottom Line    

The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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Gigamon (GIMO) Crumbles: Stock Plunges by 32.4%

Posted Thu Jul 10, 08:30 am ET

by Zacks Equity Research

Gigamon Inc. (GIMO) saw a big move last session, as the company’s shares fell by over 32% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GIMO, as the stock is now down over 37% since Jul 3.

The networking services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.  

GIMO currently has a Zacks Rank #3 (Hold) while its  Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Corning Inc. (GLW), KVH Industries Inc. (KVHI) and Plantronics, Inc. (PLT). All these stocks hold a Zacks Rank #2 (Buy).

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Is a Surprise Coming for Omnicom (OMC) This Earnings Season?

Posted Thu Jul 10, 08:30 am ET

by Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Omnicom Group Inc. (OMC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
 
That is because Omnicom is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for OMC in this report.
 
In fact, the Most Accurate Estimate for the current quarter is currently at $1.18 per share for OMC, compared to a broader Zacks Consensus Estimate of $1.17 per share. This suggests that analysts have very recently bumped up their estimates for OMC, giving the stock a Zacks Earnings ESP of 0.86% heading into earnings season.
 
Why is this Important?
 
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
 
Given that OMC has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Omnicom, and that a beat might be in the cards for the upcoming report.
 
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Macquarie Infrastructure Company LLC (MIC) Catches Eye: Stock Jumps 11.3%

Posted Wed Jul 09, 09:32 am ET

by Zacks Equity Research

Macquarie Infrastructure Company LLC (MIC) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaksthe recent trend of the company, as the stock is now trading above the near flatprice range of $59.91 to $62.37 in the past one-month time frame.

None of the estimates for this diversified ops industry stock were revised in the past 30 days. The Zacks Consensus Estimate however moved up over the same time frame, suggesting that more solid trading could be ahead for Macquarie Infrastructure. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Macquarie Infrastructure carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same industry include, Noble Group Limited (NOBGY), China Merchants Holdings (International) Company Limited (CMHHY)and CLARCOR Inc. (CLC). While Noble Group sports a Zacks Rank #1 (Strong Buy), China Merchants and CLARCOR Inc. hold a Zacks Rank #2 (Buy).

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Zacks Rank #5 Additions for Wednesday

Posted Wed Jul 09, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

  • American Capital Ltd. ( ACAS )
  • Atlas Pipeline Partners, L.P. ( APL )
  • AuRico Gold Inc (AUQ )
  • bebe stores, inc. (BEBE)
  • Century Casinos, Inc. (CNTY)

View the entire Zacks Rank #5 List.

 

Zacks Rank #1 Additions for Wednesday

Posted Wed Jul 09, 09:30 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

  • Alleghany Corporation (Y)
  • American Airlines Group Inc (AAL)
  • Apollo Residential Mortgage Inc (AMTG)
  • Arch Capital Group Ltd. (ACGL)
  • Blue Capital Reinsurance Holdings Ltd (BCRH)

View the entire Zacks Rank #1 List.

 

Ladenburg Thalmann Financial Services (LTS) Jumps: Stock Rises 7.6%

Posted Wed Jul 09, 09:18 am ET

by Zacks Equity Research

Ladenburg Thalmann Financial Services Inc. (LTS) was a big mover last session, as the company saw its shares rise by roughly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now over 22% in the past one-month time frame.

This investment banker has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ladenburg Thalmann Financial Services has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include AeroCentury Corp. (ACY), AmTrust Financial Services, Inc. (AFSI) and Aviv REIT, Inc. (AVIV). All these stocks carry a Zacks Rank #1 (Strong Buy).

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Short Interest is Piling Up in Radian (RDN) Stock, Time to Panic?

Posted Wed Jul 09, 09:13 am ET

by Zacks Equity Research

Many investors appear to be quite bearish on Radian Group Inc (RDN), especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.18% of the float is sold short, suggesting an extreme level of bearishness for RDN.

While investors might be piling up against this stock for any number of reasons, it is important to note that RDN has seen some weakness as of late, as the security hasn’t been able to get into positive territory over the past four weeks, losing 7.86% in the time frame.

Better Trading Ahead?

While the short interest and the recent performance are certainly troubling, there is reason to be optimistic on this stock. Recent earnings estimate activity has actually been quite positive as of late, even in the face of such widespread pessimism.

Thanks to these rising estimates, we actually have a Zacks Rank #1(Strong Buy) on RDN, so we clearly don’t believe in the negativity surrounding this firm. After all, it is hard not to be at least a little optimistic on the short term when you consider that 2 estimates have moved higher in the past 60 days compared to none lower in the same time frame, while the consensus has also increased.

Given this, a short-covering rally is certainly in the cards for RDN stock, especially if investors embrace the positive earnings estimate revision picture, suggesting that RDN could definitely move higher in the weeks ahead.

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Investors are Betting Against Ciena (CIEN), Should You?

Posted Wed Jul 09, 09:11 am ET

by Zacks Equity Research

Many investors appear to be quite bearish on Ciena Corporation (CIEN), especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.40% of the float is sold short, suggesting an extreme level of bearishness for CIEN.

While investors might be piling up against this stock for any number of reasons, it is important to note that CIEN has seen some weakness as of late, as the security hasn’t been able to get into positive territory over the past four weeks, losing 4.99% in the time frame.

Better Trading Ahead?

While the short interest and the recent performance are certainly troubling, there is reason to be optimistic on this stock. Recent earnings estimate activity has actually been quite positive as of late, even in the face of such widespread pessimism.

Thanks to these rising estimates, we actually have a Zacks Rank #1(Strong Buy) on CIEN, so we clearly don’t believe in the negativity surrounding this firm. After all, it is hard not to be at least a little optimistic on the short term when you consider that 3 estimates have moved higher in the past 60 days compared to none lower in the same time frame, while the consensus has also increased.

Given this, a short-covering rally is certainly in the cards for CIEN stock, especially if investors embrace the positive earnings estimate revision picture, suggesting that CIEN could definitely move higher in the weeks ahead.

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China Biologic Products, Inc. (CBPO) Jumps: Stock Surges 10.8%

Posted Wed Jul 09, 09:11 am ET

by Zacks Equity Research

China Biologic Products, Inc. (CBPO) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $38.91 to $48.07 in the past one-month time frame.

The company has seen no estimate revisions over the past 30 days, and the Zacks Consensus Estimate is unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

China Biologic Products currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the biomedical industry include Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Curis, Inc. (CRIS). Each of these stocks sports a Zacks Rank #1.

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Many investors appear to be quite bearish on Bio-Reference Laboratories Inc (BRLI), especially if you look at the percentage of the float that is sold short for this stock. Currently, 28.17% of the float is sold short, suggesting an extreme level of bearishness for BRLI.

While investors might be piling up against this stock for any number of reasons, it is important to note that BRLI has seen some weakness as of late, as the security hasn’t been able to get into positive territory over the past four weeks, losing 1.77% in the time frame.

Better Trading Ahead?

While the short interest and the recent performance are certainly troubling, there is reason to be optimistic on this stock. Recent earnings estimate activity has actually been quite positive as of late, even in the face of such widespread pessimism.

Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy) on BRLI, so we clearly don’t believe in the negativity surrounding this firm. After all, it is hard not to be at least a little optimistic on the short term when you consider that 1 estimate has moved higher in the past 60 days compared to none lower in the same time frame, while the consensus has also increased.

Given this, a short-covering rally is certainly in the cards for BRLI stock, especially if investors embrace the positive earnings estimate revision picture, suggesting that BRLI could definitely move higher in the weeks ahead.

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BioAmber (BIOA) Soars: Stock Adds 16.7% in Session

Posted Wed Jul 09, 09:04 am ET

by Zacks Equity Research

BioAmber Inc. (BIOA) was a big mover last session, as the company saw its shares rise over nearly 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.63 to $10.69 in the past one-month time frame.

The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

BioAmber currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the specialty chemical industry include KMG Chemicals Inc. (KMG), Minerals Technologies Inc. (MTX) and NL Industries Inc. (NL). All these stocks sport a Zacks Rank #1 (Strong Buy).

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Triumph (TGI) Enters Oversold Territory

Posted Wed Jul 09, 09:02 am ET

by Zacks Equity Research

Triumph Group Inc (TGI) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at TGI given that, according to its RSI reading of 29.70, it is now in oversold territory.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet, TGI’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Triumph’s earnings consensus.
 
Over the past two months, investors have seen 8 earnings estimate revisions move higher, compared with none lower, at least when looking at the key current year time frame. And the consensus estimate for TGI has also been on an upward trend over the past 60 days, as estimates have risen from $5.73/share two months ago to just $5.82/share right now. 
 
If this wasn’t enough, Triumph also has a Zacks Rank #2 (Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long.
 
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