The market is looking top-heavy right now. Stocks that have consistently pushed up to all-time highs look priced to perfection. Heading into a busy earnings season, that means that most stocks out there are in need of not just solid earnings reports, but great earnings reports. Today’s Bear of the Day, is a stock that has seen earnings estimate revisions coming in to the downside. That means, Wall Street has already lowered the bar. That could lead to some serious selling if the company fails to hit the mark.
Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) 21Vianet (VNET - Free Report) . 21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The company operates in two segments, Hosting and Related Services, and Managed Network Services.
The company is in the Internet – Services industry which ranks in the Bottom 30% of our Zacks Industry Rank. Over the last 60 days, earnings estimates have been dropping like rocks. Three analysts have cut their estimates for the current year, while two have cut their numbers for next year. The bearish consensus has cut current year estimates from a 36-cent-loss to a -53-cent-loss. Next year’s number is down from a 7-cent profit to a disappointing 27-cent loss.
Investors looking for other names within the same industry have a few Zacks Rank #1 (Strong Buy) stocks to chose from. Three stocks in the industry currently enjoy this top rank. Those stocks are Etsy (ETSY - Free Report) , Internet Initiative Japan (IIJIY - Free Report) and Sohu.com (SOHU - Free Report) .
Zacks Top 10 Stocks for 2021In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The market is looking top-heavy right now. Stocks that have consistently pushed up to all-time highs look priced to perfection. Heading into a busy earnings season, that means that most stocks out there are in need of not just solid earnings reports, but great earnings reports. Today’s Bear of the Day, is a stock that has seen earnings estimate revisions coming in to the downside. That means, Wall Street has already lowered the bar. That could lead to some serious selling if the company fails to hit the mark.
Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) 21Vianet (VNET - Free Report) . 21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The company operates in two segments, Hosting and Related Services, and Managed Network Services.
The company is in the Internet – Services industry which ranks in the Bottom 30% of our Zacks Industry Rank. Over the last 60 days, earnings estimates have been dropping like rocks. Three analysts have cut their estimates for the current year, while two have cut their numbers for next year. The bearish consensus has cut current year estimates from a 36-cent-loss to a -53-cent-loss. Next year’s number is down from a 7-cent profit to a disappointing 27-cent loss.
Investors looking for other names within the same industry have a few Zacks Rank #1 (Strong Buy) stocks to chose from. Three stocks in the industry currently enjoy this top rank. Those stocks are Etsy (ETSY - Free Report) , Internet Initiative Japan (IIJIY - Free Report) and Sohu.com (SOHU - Free Report) .
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
AccessZacks Top 10 Stocks for 2021 today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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