Wow! It’s been quite a week in the U.S. equity markets. In just 4 trading days, the S&P 500 managed to eke out a 0.5% gain, but what a wild ride to get there! When saw an historic rally on Monday, a gut-wrenching sell-off on Tuesday, and then a slow, low volume, grinding rally today to close out the week.
You could definitely be forgiven if you didn’t feel like thinking about it and just enjoyed the long weekend. But just in case you need something to consider during the long weekend, here are some week-ending picks.
Michael Kors (KORS) stock is on a roll but is still valued very attractively to its peers thanks to accelerating earnings and a penchant for beating estimates time and time again.With product lines for a wide range of customers (aptly named “luxury” and “accessible luxury”) and the recent acquisition of Jimmy Choo shoes, KORS is one of a handful of retailers who are actually adding new brick and mortar store rather than closing them.
With a forward P/E of 13.7, as compared the to the Apparel industry average of 19.6, KORS is a growth stock that priced like a value stock. Recent analyst revisions upward for earnings earn KORS a Zacks Rank #1 (Strong Buy)
Tyson Foods (TSN - Free Report) is easily the best managed food company in the U.S. It’s environmentally responsible, fair and generous to employees and (let’s not forget) extremely profitable.
Tyson is growing earnings considerably faster than the competition yet trades at a forward P/E of just 11. It also sports a Price to Sales ratio of just 0.7X making it a true value stock.
With 6 upward revisions in the last 60 days, TSN is a Zacks Rank #1 (Strong Buy).
Finally, if you’ve had enough if the- once high-flying but now somewhat beleaguered - FANG stocks, there’s an easier way to get you tech exposure without the nauseating headlines. KLA Tencor (KLAC - Free Report) provides technical solutions and proprietary software to hardware manufacturers.
KLAC recently agreed to acquire Israeli-based circuit board producer Orbotech and over the next 12-18 months, will return $2 billion in cash to shareholders in the form of a share buyback.
Consensus estimates for continued strong earnings are the reason KLAC is a Zacks #1 (Strong Buy.)