For Immediate Release
Chicago, IL – July 15, 2021 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
How to Use the Zacks Rank to Find Hidden Gem Stocks
Welcome to Episode #278 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey went solo to talk about how to use the Zacks Rank to find great hidden gem stocks.
Everyone knows all about the FAANGs and stocks like Microsoft, PayPal and Shopify.
But what if you could invest in a great company that's growing its earnings before everyone knows about it?
The Secret to Finding the Hidden Gem Stocks
Here's the secret: Zacks.com has a list of Zacks Rank #1 (Strong Buy) stocks.
The Strong Buy stocks usually have rising earnings estimates which indicates something positive may be happening behind the scenes at the company.
Currently, it's 233 stocks.
Some are popular, well known companies, like Zoom Video. But there are usually companies you've never heard of, or that are so out of favor that they're ignored.
5 Zacks Rank Strong Buy Stocks
DuPont ( DD Quick Quote DD - Free Report) is certainly not "hidden" but shares are up just 10.9% year-to-date even though earnings are expected to be up 12.8% this year and 18.8% in 2022. 10 chemical companies were on the list which tells you that the trend is rising earnings estimates in the industry.
Nutrien ( NTR Quick Quote NTR - Free Report) is an agribusiness company which also produces fertilizers. Earnings are expected to rise 105% this year as the agriculture industry enters its up cycle. Shares are up 28% year-to-date but still trade with a forward P/E of 16.
Transcat ( TRNS Quick Quote TRNS - Free Report) is in the test and measurement industry. In the fourth quarter, it posted record revenue. Earnings are expected to rise 37.9% in fiscal 2022 and another 29.4% in fiscal 2023.
Heritage Crystal Clean ( HCCI Quick Quote HCCI - Free Report) is the largest environmental service provider in the US and Canada handling hazardous and non-hazardous waste services. Shares are up 35% year-to-date as its oil business segment was a first quarter record, up 21% year-over-year. It has a forward P/E of 19.
Boot Barn ( BOOT Quick Quote BOOT - Free Report) operates 275 stores in 36 states selling footwear, apparel and accessories. It's a red hot retailer expected to grow earnings by 70% in fiscal 2022. Shares have soared 92% year-to-date and have gained 315% in the last year. Does this Zacks #1 (Strong Buy) have more gas left in the tank?
What else should you know about finding hidden gems among the Zacks #1 Rank stocks?
Listen to this week's podcast to find out.
Follow us on Twitter:
Join us on Facebook:
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
firstname.lastname@example.org https://www.zacks.com/performance Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.