We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sticking with what works has been a personal investing theme of mine. Basically the idea is to look for stocks in strong sectors that have been moving higher. Select the ones that continue to look to be moving higher and let your winners ride.
This is a sort of “top down” style move, but I find that it works very well. The first step is to look at the Zacks Industry Rank and look towards the top. This week saw little movement at the very top with Metal Products – Fasteners staying at the very top and then seven other industries tied for second.
I moved down to #14 on the list as we have seen lots of articles about banks and semiconductors of late. The sector I am looking at is Computer- Storage Devices and there are 10 stocks in that group.
#1’s First
Now that I have my pool of candidates, I switch to the Zack Rank to help me select the best picks. The Zacks Rank let’s me know which stocks in the industry have seen positive earnings estimate revisions. For a fundamental investor such as myself, I know that earnings are a key driver for stock prices.
The industry has three stocks with a Zacks Rank #1 (Strong Buy) rating.
One of the stocks in this sector is Nimble Storage () and it has a Zacks Rank #3 (Hold). Most of the stocks that Zacks ranks are #3’s but this one stands out a little to me. There is a 60 day window during which estimate revisions can impact the Zacks Rank and time is running out (or has run out) for 3 positive revisions to 2017 and 2 positive revisions to 2018.
The other stock to watch that isn’t listed as part of this sector, but instead is part of the Internet – Software sector is Box Inc ((BOX - Free Report) ). The stock hold a Zacks Rank #2 (Buy) and has been close to or making new 52 week highs of late.
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.Click here for Zacks' secret trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strong Stocks In A Strong Sector
Sticking with what works has been a personal investing theme of mine. Basically the idea is to look for stocks in strong sectors that have been moving higher. Select the ones that continue to look to be moving higher and let your winners ride.
This is a sort of “top down” style move, but I find that it works very well. The first step is to look at the Zacks Industry Rank and look towards the top. This week saw little movement at the very top with Metal Products – Fasteners staying at the very top and then seven other industries tied for second.
I moved down to #14 on the list as we have seen lots of articles about banks and semiconductors of late. The sector I am looking at is Computer- Storage Devices and there are 10 stocks in that group.
#1’s First
Now that I have my pool of candidates, I switch to the Zack Rank to help me select the best picks. The Zacks Rank let’s me know which stocks in the industry have seen positive earnings estimate revisions. For a fundamental investor such as myself, I know that earnings are a key driver for stock prices.
The industry has three stocks with a Zacks Rank #1 (Strong Buy) rating.
NetApp ((NTAP - Free Report) )
Seagate Tech ((STX - Free Report) )
Western Digital (WDC)
Seagate Technology PLC Price, Consensus and EPS Surprise
Seagate Technology PLC Price, Consensus and EPS Surprise | Seagate Technology PLC Quote
One #2
There is one stock with a Zacks Rank #2 (Buy) rating.
Pure Storage ((PSTG - Free Report) )
Pure Storage Inc. Price, Consensus and EPS Surprise
Pure Storage Inc. Price, Consensus and EPS Surprise | Pure Storage Inc. Quote
Two Others To Watch
One of the stocks in this sector is Nimble Storage () and it has a Zacks Rank #3 (Hold). Most of the stocks that Zacks ranks are #3’s but this one stands out a little to me. There is a 60 day window during which estimate revisions can impact the Zacks Rank and time is running out (or has run out) for 3 positive revisions to 2017 and 2 positive revisions to 2018.
Follow Brian Bolan on Twitter: @BBolan1
Nimble Storage Inc. Revenue (TTM)
Nimble Storage Inc. Revenue (TTM) | Nimble Storage Inc. Quote
The other stock to watch that isn’t listed as part of this sector, but instead is part of the Internet – Software sector is Box Inc ((BOX - Free Report) ). The stock hold a Zacks Rank #2 (Buy) and has been close to or making new 52 week highs of late.
Box Inc. Price and Consensus
Box Inc. Price and Consensus | Box Inc. Quote
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>