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The inflation talk has grown from non-existent to a murmur recently. Spearheading things over the last few weeks has been the move in crude. Oil has been strong since bottoming out under $28 in February 2016. Prices peaked over $72 earlier this month. That’s creating all sorts of opportunities for stocks to buy within that industry. You can profit from oil infrastructure plays that stand to benefit the most from the rising prices.
Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) MRC Global (MRC - Free Report) . MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
Technically this is a steel stock, a company which makes pipes and tubes. The Steel Pipe and Tube industry ranks in the Top 7% of our Zacks Industry Rank. The reason for the favorable Zacks Rank lies in the recent earnings estimate revisions. Eight analysts have increased their earnings estimates for the current year while nine have done so for next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for the current year from 72 cents to 87 cents. Next year’s number has gone from $1.09 to $1.20.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Bull of the Day: MRC Global (MRC)
The inflation talk has grown from non-existent to a murmur recently. Spearheading things over the last few weeks has been the move in crude. Oil has been strong since bottoming out under $28 in February 2016. Prices peaked over $72 earlier this month. That’s creating all sorts of opportunities for stocks to buy within that industry. You can profit from oil infrastructure plays that stand to benefit the most from the rising prices.
Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) MRC Global (MRC - Free Report) . MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
Technically this is a steel stock, a company which makes pipes and tubes. The Steel Pipe and Tube industry ranks in the Top 7% of our Zacks Industry Rank. The reason for the favorable Zacks Rank lies in the recent earnings estimate revisions. Eight analysts have increased their earnings estimates for the current year while nine have done so for next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for the current year from 72 cents to 87 cents. Next year’s number has gone from $1.09 to $1.20.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>