Welcome to Episode #29 of the Value Investor Podcast
Every week, Zacks value stock strategist and the Editor of Zacks Value Investor portfolio, Tracey Ryniec, talks about all things happening in the value stock universe, including her top stock picks.
Stocks are again hitting new all-time highs. But unlike in 2016 when everyone was handwringing about valuation, in 2017 investors seem to be less concerned with how expensive the market is.
Why is that?
Retail and energy stocks are well off their highs. Bank stocks have also pulled back. There are vulnerable sectors so the overall market doesn’t feel quite as hot.
Tracey took a look, though, to see if there was still value amidst the stocks that are breaking out.
She ran a screen that included the Zacks Rank of #1 (Strong Buy) or #2 (Buy), so that there would be rising earnings estimates, and a Zacks Style Score for value of A which means that the company is a value compared to its peers.
There were 44 stocks that came across her screen. While that may sound like a lot, the Zacks Rank covers more than 4,000 stocks. 44 stocks is a really small part of the bigger stock universe.
A value stock breaking out to new highs, i.e. a value momentum stock, is a rare occurrence.
Tracey picked out three stocks from the screen that were her favorite. She avoided the airline stocks, although there were some that made it onto the screen. The airline stocks are one of the few undervalued groups that still have great charts. But she wanted to focus on other areas.
Instead, she picked three stocks that were from diverse industries. You might be surprised by what are values right now.
3 Value Stocks Breaking Out to New 52-Week Highs
1. Allstate (ALL - Free Report) , the big life, auto and casualty insurer, has a gorgeous 5-year chart. Have you seen it?
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 >>
Welcome to Episode #29 of the Value Investor Podcast
Every week, Zacks value stock strategist and the Editor of Zacks Value Investor portfolio, Tracey Ryniec, talks about all things happening in the value stock universe, including her top stock picks.
Stocks are again hitting new all-time highs. But unlike in 2016 when everyone was handwringing about valuation, in 2017 investors seem to be less concerned with how expensive the market is.
Why is that?
Retail and energy stocks are well off their highs. Bank stocks have also pulled back. There are vulnerable sectors so the overall market doesn’t feel quite as hot.
Tracey took a look, though, to see if there was still value amidst the stocks that are breaking out.
She ran a screen that included the Zacks Rank of #1 (Strong Buy) or #2 (Buy), so that there would be rising earnings estimates, and a Zacks Style Score for value of A which means that the company is a value compared to its peers.
There were 44 stocks that came across her screen. While that may sound like a lot, the Zacks Rank covers more than 4,000 stocks. 44 stocks is a really small part of the bigger stock universe.
A value stock breaking out to new highs, i.e. a value momentum stock, is a rare occurrence.
Tracey picked out three stocks from the screen that were her favorite. She avoided the airline stocks, although there were some that made it onto the screen. The airline stocks are one of the few undervalued groups that still have great charts. But she wanted to focus on other areas.
Instead, she picked three stocks that were from diverse industries. You might be surprised by what are values right now.
3 Value Stocks Breaking Out to New 52-Week Highs
1. Allstate (ALL - Free Report) , the big life, auto and casualty insurer, has a gorgeous 5-year chart. Have you seen it?
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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