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Why Garmin (GRMN) Has A Bright Short-Term Future?
February 25, 2014

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One company that should be on your radar is Garmin Ltd. (GRMN - Free Report) . The stock of this Switzerland based manufacturer of GPS (Global Positioning System) enabled and other navigation products has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GRMN’s full year estimate, we have seen 7 estimates go higher in the past 30 days, compared to just 1 lower. This trend has helped the consensus estimate to trend higher, going from $2.53 a share a month ago to its current level at $2.59.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, MMS has seen some pretty solid trading lately, as the company has moved higher by 12.49% in the past month.

If Garmin can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GRMN on your watch list for the future.

Other top-ranked stocks worth considering in this space include GigOptix, Inc. , Cubic Corporation (CUB - Free Report) and Mistras Group, Inc. (MG - Free Report) . Among these stocks, Mistras carries a Zacks Rank #1 (Strong Buy) and GigOptix and Cubic carry a Zacks Rank #2(Buy).

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