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.
The Zacks Analyst Blog Highlights: Party City Holdco, RCI Hospitality, Camping World, Travel Leisure and Pool Corp
Read MoreHide Full Article
For Immediate Release
Chicago, IL – July 30, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Party City Holdco Inc. , RCI Hospitality Holdings, Inc. (RICK - Free Report) , Camping World Holdings, Inc. (CWH - Free Report) , Travel + Leisure Co. (TNL - Free Report) and Pool Corporation (POOL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks to Buy on Healthy Consumer Confidence Numbers
The Delta variant of coronavirus has been a cause of concern lately and fears have been escalating once again. Even then, people are confident as vaccination is in full swing. While it was feared that rising cases of coronavirus could dent the confidence of people, that doesn't seem to be the case, with consumer confidence hitting a pandemic-era high in July.
This was in sharp contrast to the consensus estimate of a one-point decline in July. The jump in consumer confidence once again proves that the economy is on track for a speedy recovery.
Consumer Confidence Rises
The Conference Board said on Jul 27 that consumer confidence increased to 129.1 in July from 128.9 in June. Although it is only a 0.2% rise, consumer confidence hit its highest level since February 2020, just the time when COVID-19 started spreading.
Moreover, consumer confidence has now increased for the sixth straight month, which again coincides with the time the vaccination drive gathered steam.
The measure of consumer sentiment surrounding the current situation, which is based on consumers' gauge of current business and labor market conditions, reached 160.3 in July from 159.6 last month. However, the measure of expectations or the Expectations Index, which calculates consumers' short-term outlook for income, business and labor market conditions, declined slightly to 108.4 from 108.5 in June.
Stimulus, Higher Vaccinated Rate Drive Confidence
Consumers are more confident after taking the vaccine and receiving the fiscal stimulus. The rising cases of the Delta variant of coronavirus have not played a spoilsport yet. In fact, people are spending more now, which led to a jump in retail sales last month.
The massive vaccination drive also raised hopes of a faster-than-expected economic recovery. With restrictions eased, people are stepping out of their homes more freely and planning holidays.
Moreover, Tuesday's report also mentions that according to IMF, economic growth in different countries will depend to a great extent on how the COVID-19 vaccines are rolled out. The economic outlook is improving for most of the advanced economies, given that almost 40% of the population in these countries is now vaccinated.
Given this situation, consumer discretionary stocks seem to be an ideal sector to invest in. The Consumer Discretionary Select Sector SPDR's (XLY) has returned 13.7%year to date.
Party City Holdco is involved in the design, manufacture and contracts for manufacturing and distribution of party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 55% over the past 60 days. Party City has a Zacks Rank #2.
RCI Hospitality Holdings owns and operates adult nightclubs that offer live adult entertainment, restaurant and bar services.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the past 60 days. RCI Hospitality Holdings has a Zacks Rank #1.
Camping World Holdings is a provider of services, protection plans, products, and resources for recreational vehicle enthusiasts. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs.
The company's expected earnings growth rate for the current year is 54.1%. The Zacks Consensus Estimate for current-year earnings has improved 6.8% over the past 60 days. Camping World Holdings has a Zacks Rank #1.
Travel + Leisure offers vacation experiences and travel inspiration to owners, members, and subscribers every year through its products and services.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. Travel Leisure Co. has a Zacks Rank #1.
Pool Corp. is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products.
The company's expected earnings growth rate for the current year is 59.9%. The Zacks Consensus Estimate for current-year earnings has improved 9.6% over the past 60 days. Pool Corporation has a Zacks Rank #1.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Party City Holdco, RCI Hospitality, Camping World, Travel Leisure and Pool Corp
For Immediate Release
Chicago, IL – July 30, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Party City Holdco Inc. , RCI Hospitality Holdings, Inc. (RICK - Free Report) , Camping World Holdings, Inc. (CWH - Free Report) , Travel + Leisure Co. (TNL - Free Report) and Pool Corporation (POOL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
5 Stocks to Buy on Healthy Consumer Confidence Numbers
The Delta variant of coronavirus has been a cause of concern lately and fears have been escalating once again. Even then, people are confident as vaccination is in full swing. While it was feared that rising cases of coronavirus could dent the confidence of people, that doesn't seem to be the case, with consumer confidence hitting a pandemic-era high in July.
This was in sharp contrast to the consensus estimate of a one-point decline in July. The jump in consumer confidence once again proves that the economy is on track for a speedy recovery.
Consumer Confidence Rises
The Conference Board said on Jul 27 that consumer confidence increased to 129.1 in July from 128.9 in June. Although it is only a 0.2% rise, consumer confidence hit its highest level since February 2020, just the time when COVID-19 started spreading.
Moreover, consumer confidence has now increased for the sixth straight month, which again coincides with the time the vaccination drive gathered steam.
The measure of consumer sentiment surrounding the current situation, which is based on consumers' gauge of current business and labor market conditions, reached 160.3 in July from 159.6 last month. However, the measure of expectations or the Expectations Index, which calculates consumers' short-term outlook for income, business and labor market conditions, declined slightly to 108.4 from 108.5 in June.
Stimulus, Higher Vaccinated Rate Drive Confidence
Consumers are more confident after taking the vaccine and receiving the fiscal stimulus. The rising cases of the Delta variant of coronavirus have not played a spoilsport yet. In fact, people are spending more now, which led to a jump in retail sales last month.
The massive vaccination drive also raised hopes of a faster-than-expected economic recovery. With restrictions eased, people are stepping out of their homes more freely and planning holidays.
Moreover, Tuesday's report also mentions that according to IMF, economic growth in different countries will depend to a great extent on how the COVID-19 vaccines are rolled out. The economic outlook is improving for most of the advanced economies, given that almost 40% of the population in these countries is now vaccinated.
Given this situation, consumer discretionary stocks seem to be an ideal sector to invest in. The Consumer Discretionary Select Sector SPDR's (XLY) has returned 13.7%year to date.
Our Choices
We have picked five stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) that are poised to benefit in the near term. You can see the complete list of today's Zacks #1 Rank stocks here.
Party City Holdco is involved in the design, manufacture and contracts for manufacturing and distribution of party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 55% over the past 60 days. Party City has a Zacks Rank #2.
RCI Hospitality Holdings owns and operates adult nightclubs that offer live adult entertainment, restaurant and bar services.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the past 60 days. RCI Hospitality Holdings has a Zacks Rank #1.
Camping World Holdings is a provider of services, protection plans, products, and resources for recreational vehicle enthusiasts. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs.
The company's expected earnings growth rate for the current year is 54.1%. The Zacks Consensus Estimate for current-year earnings has improved 6.8% over the past 60 days. Camping World Holdings has a Zacks Rank #1.
Travel + Leisure offers vacation experiences and travel inspiration to owners, members, and subscribers every year through its products and services.
The company's expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the past 60 days. Travel Leisure Co. has a Zacks Rank #1.
Pool Corp. is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products.
The company's expected earnings growth rate for the current year is 59.9%. The Zacks Consensus Estimate for current-year earnings has improved 9.6% over the past 60 days. Pool Corporation has a Zacks Rank #1.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.