Cognex Corporation (CGNX - Free Report) was a big mover last session, as its shares rose around 9% on the day. The move came after the company reported encouraging fourth-quarter results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 13% in the past one-month time frame.
The company has seen three positive estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved higher over the same timeframe, suggesting that more solid trading could be ahead for Cognex. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Cognex currently sports a Zacks Rank #1 (Strong Buy).
Another favorably placed stock in the Electronics – Testing Equipment space is Teradyne, Inc. (TER - Free Report) , flaunting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CGNX going up? Or down? Predict to see what others think: Up or Down
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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 >>
Cognex Corporation (CGNX - Free Report) was a big mover last session, as its shares rose around 9% on the day. The move came after the company reported encouraging fourth-quarter results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 13% in the past one-month time frame.
The company has seen three positive estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved higher over the same timeframe, suggesting that more solid trading could be ahead for Cognex. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Cognex currently sports a Zacks Rank #1 (Strong Buy).
Another favorably placed stock in the Electronics – Testing Equipment space is Teradyne, Inc. (TER - Free Report) , flaunting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CGNX going up? Or down? Predict to see what others think: Up or Down
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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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