Alliance Data Systems Corporation was a big mover last session, as the company saw its shares rise over 6% on the day. The upside was driven after the company reported strong second-quarter results. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 17.7% since Jul 5.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Alliance Data Systems has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same industry is Envestnet, Inc. (ENV - Free Report) holding a Zacks Rank #2 (Buy).
Is ADS going up? Or down? Predict to see what others think: Up or Down
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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 >>
Alliance Data Systems Corporation was a big mover last session, as the company saw its shares rise over 6% on the day. The upside was driven after the company reported strong second-quarter results. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 17.7% since Jul 5.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Alliance Data Systems has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same industry is Envestnet, Inc. (ENV - Free Report) holding a Zacks Rank #2 (Buy).
Is ADS going up? Or down? Predict to see what others think: Up or Down
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 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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