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.
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