Garmin (GRMN - Free Report) was primarily a maker of navigation devices for cars, boats and airplanes. But over the past few years, as the market for car specific GPS has slowed down because of rising popularity of smartphones with GPS, the company has expanded into fitness and outdoor wearables.
Their focus on innovation and diversification continues to drive growth. While revenues from their auto segment continues to decline; revenues from outdoor and fitness segments are growing strongly.
They reported last week, beating on both the top and bottom lines and also raised their guidance for the year. They have also been returning a lot of cash to shareholders in the form of dividends and share buybacks.
Analysts have raised their estimates for the company, sending the stock to a Zacks Rank #1 (Buy) after results.
General Motors (GM - Free Report) earnings more than doubled year-over-year and revenues were up 10% year-over-year. Strong truck sales in the US and growth in China sales helped results. Shares fell after the report on worries regarding their business in Europe due to Brexit impact.
Estimates for the current and next year have gone up substantially after results.
The stock is now a Zacks Rank #1 (Strong Buy) with a VGM score of “A”. Trading at 5.25 times forward earnings and with a dividend yield of 4.81%, the stock is definitely worth a look despite peak auto and Brexit related concerns.
GM has been preparing itself for the future of transportation. Earlier this year they bought Cruise Automation, a start-up for about $1 billion, they have invested $500 million in ride sharing company Lyft; they have a car sharing service called Maven. Recently, they announced a partnership with IBM for artificial intelligence. IBM’s Watson technology will make GM cars smarter.
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 >>
Garmin (GRMN - Free Report) was primarily a maker of navigation devices for cars, boats and airplanes. But over the past few years, as the market for car specific GPS has slowed down because of rising popularity of smartphones with GPS, the company has expanded into fitness and outdoor wearables.
Their focus on innovation and diversification continues to drive growth. While revenues from their auto segment continues to decline; revenues from outdoor and fitness segments are growing strongly.
They reported last week, beating on both the top and bottom lines and also raised their guidance for the year. They have also been returning a lot of cash to shareholders in the form of dividends and share buybacks.
Analysts have raised their estimates for the company, sending the stock to a Zacks Rank #1 (Buy) after results.
General Motors (GM - Free Report) earnings more than doubled year-over-year and revenues were up 10% year-over-year. Strong truck sales in the US and growth in China sales helped results. Shares fell after the report on worries regarding their business in Europe due to Brexit impact.
Estimates for the current and next year have gone up substantially after results.
The stock is now a Zacks Rank #1 (Strong Buy) with a VGM score of “A”. Trading at 5.25 times forward earnings and with a dividend yield of 4.81%, the stock is definitely worth a look despite peak auto and Brexit related concerns.
GM has been preparing itself for the future of transportation. Earlier this year they bought Cruise Automation, a start-up for about $1 billion, they have invested $500 million in ride sharing company Lyft; they have a car sharing service called Maven. Recently, they announced a partnership with IBM for artificial intelligence. IBM’s Watson technology will make GM cars smarter.
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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