Back to top

Bull of the Day: Caseys General Store (CASY)

Read MoreHide Full Article

Woof. After that rough day in the market I bet that most of you are wondering if the bear market is back. I don’t believe it is, and neither do many investors who are astutely seeking opportunities. In a market like this, it’s important to not just blindly throw money at stocks. Rather, you need to be calculated and buy based on fundamentals. Among those, earnings should be one of your main targets. And not just earnings in the form of a great P/E valuation, but earnings growth. Today, I’ve picked a Bull of the Day based on a strong earnings story.

Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Casey’s General Stores (CASY - Free Report) . Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items. Its stores also provide fuel for sale on a self-service basis.

Casey’s is a Zacks Rank #1 (Strong Buy) in an industry that ranks in the Top 1% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is over the last 30 days, analysts have increased their earnings estimates for the current quarter and next year. The bullish sentiment has pushed up the Zacks Consensus Estimate from $1.57 to $1.62 for the current quarter while next year’s number has gone from $4.89 to $5.03.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

 




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Caseys General Stores, Inc. (CASY) - free report >>

More from Zacks Bull of the Day

You May Like

Published in