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Top Stock Picks for Week of May 31, 2021

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Dillard's Inc. (DDS - Free Report) is a large departmental store chain featuring fashion apparel and home furnishings. Shares of Dillard’s have outpaced the industry in the past three months, courtesy of its solid first-quarter fiscal 2021 results. Also, both top and bottom lines grew year over year. Results gained from enhanced inventory, reduced costs and strong liquidity. It continued to witness strong momentum in the bottom line for the fourth consecutive quarter. Earnings benefited from margin improvement and lower expenses. Aggressive measures to lower excess inventory aided gross margin. Moreover, lower payroll expenses resulted in operating expense deleverage. Moreover, solid performance in juniors and children's apparel, men's apparel and accessories, and ladies' accessories and lingerie aided the top-line growth. Dillard’s has a strong balance sheet and liquidity, which positions it well to weather the uncertainties arising out of the pandemic. Dillard’s remains committed to rewarding shareholders with share buybacks and dividend payouts.  

Intuit Inc. (INTU - Free Report) is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, consumers and accounting professionals globally.Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive. Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run. The company reported third-quarter fiscal 2021 non-GAAP earnings which beat the Zacks Consensus Estimate. Moreover, the bottom-line figure surged by double digits from the year-ago quarter. The stock has outperformed the industry over the past year. Over the past few years, Intuit is trying to expand its international operations.  Intuit is a cash rich company with a strong balance sheet.

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Intuit Inc. (INTU) - free report >>

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