The market has been coming strong off the Christmas Eve lows. Leading the way out of the gate, tech stocks have been surging. This has helped several stocks bounce off their 52-week lows. Once the darlings of the market, tech took a mighty tumble into the fall. This restoration of valuations recently could be enough to put tech stocks on center stage again. One such tech stock is today’s Bull of the Day, Sony .
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions. It also develops, produces, markets, and distributes recorded music; publishes music; and produces and distributes animation titles, game applications based on animation titles, and various services for music and visual products.
Sony is currently a Zacks Rank #1 (Strong Buy) in the Audio/Video Production industry which ranks in the Top 14% of our Zacks Industry Rank. The reason for the favorable rank lies in the recent earnings estimate revisions to the upside coming from analysts. Current year EPS estimates have rocketed from $4.18 ninety days ago to $4.93. Next year’s number has gone from $4.35 to $4.65 in the last week alone.
The stock had a great start last year, topping out over $60 before the market ran out of steam. The retrace under $50 has provided investors with a nice entry point. With estimates still moving to the upside, it could set up Sony for another run back to the 52-highs. That high sits up at $61.02.
Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks 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 >>
The market has been coming strong off the Christmas Eve lows. Leading the way out of the gate, tech stocks have been surging. This has helped several stocks bounce off their 52-week lows. Once the darlings of the market, tech took a mighty tumble into the fall. This restoration of valuations recently could be enough to put tech stocks on center stage again. One such tech stock is today’s Bull of the Day, Sony .
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions. It also develops, produces, markets, and distributes recorded music; publishes music; and produces and distributes animation titles, game applications based on animation titles, and various services for music and visual products.
Sony is currently a Zacks Rank #1 (Strong Buy) in the Audio/Video Production industry which ranks in the Top 14% of our Zacks Industry Rank. The reason for the favorable rank lies in the recent earnings estimate revisions to the upside coming from analysts. Current year EPS estimates have rocketed from $4.18 ninety days ago to $4.93. Next year’s number has gone from $4.35 to $4.65 in the last week alone.
The stock had a great start last year, topping out over $60 before the market ran out of steam. The retrace under $50 has provided investors with a nice entry point. With estimates still moving to the upside, it could set up Sony for another run back to the 52-highs. That high sits up at $61.02.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks 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 >>