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5 Stocks with Solid Sales Growth to Bet On Amid Market Mayhem
Since the beginning of 2022, markets have been bearing the brunt of macroeconomic and geopolitical uncertainty. These have caused all major indexes to slip into the bear market as investors brace for economic hardship owing to the Federal Reserve’s ultra-aggressive monetary tightening to tame inflation.
Amid such serious concerns and market volatility, investors are cautious about entering the market. So, a conventional stock-picking strategy is the need of the hour for generating robust returns. One such method is picking stocks with steady sales growth. In this regard, stocks like W.R. Berkley Corp., Crocs, Inc., Boyd Gaming Corp., Boise Cascade Co. and TELUS Corp. are worth a look.
While evaluating any company, revenues are often more monitored than earnings. This is because investors want to make sure whether a business has the capability of generating more sales over time to cater to an expanding customer base. Stable or declining sales growth indicates obstacles at the company. Stagnant companies may generate near-term profit but do not ensure enough growth to attract new investors.
Without strong revenue growth, bottom-line improvement may not be sustainable over the long term. While a company can show earnings strength by lowering costs, continuous bottom-line improvement usually requires robust sales growth.
Nevertheless, sales growth alone doesn’t indicate much about a company’s prospects. Hence, taking into consideration a company’s cash position along with its sales number can prove to be a more dependable investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 18 stocks that qualified the screening:
W.R. Berkley, based in Greenwich, CT, is one of the nation’s largest commercial lines property casualty insurance providers. WRB offers a variety of insurance services from reinsurance to workers comp third-party administrators.
W.R. Berkley’s expected sales growth rate for 2022 is 15.3%. The stock sports a Zacks Rank #1 at present.
Headquartered in Broomfield, CO, Crocs is one of the leading footwear brands with its focus on comfort and style. Famous for its iconic clog material, CROX’s simple design and great comfort were an instant hit among consumers.
Crocs’ expected sales growth rate for 2022 is 49.8%. The stock currently carries a Zacks Rank #2.
Based in Las Vegas, NV, Boyd Gaming is a multi-jurisdictional gaming company. BYD owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.
Boyd Gaming’s sales are expected to rise 3.2% for 2022. The stock carries a Zacks Rank #2 at present.
Based in Boise, ID, Boise Cascade manufactures wood products and distributes building materials in the United States and Canada. BCC operates through two segments, Wood Products and Building Materials Distribution.
Boise Cascade’s expected sales growth for 2022 is 9.5%. The company, at present, sports a Zacks Rank #1.
Headquartered in Vancouver, TELUS is one of the largest telecom carriers in Canada (the largest in western Canada), covering 95% of the country’s population.
TELUS’ expected sales growth rate for 2022 is 2.8%. The stock carries a Zacks Rank #2 currently.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.
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Zacks.com featured highlights include W.R. Berkley, Crocs, Boyd Gaming, Boise Cascade and TELUS
For Immediate Release
Chicago, IL – October 10, 2022 – Stocks in this week’s article are W.R. Berkley Corp. (WRB - Free Report) , Crocs, Inc. (CROX - Free Report) , Boyd Gaming Corp. (BYD - Free Report) , Boise Cascade Co. (BCC - Free Report) and TELUS Corp. (TU - Free Report) .
5 Stocks with Solid Sales Growth to Bet On Amid Market Mayhem
Since the beginning of 2022, markets have been bearing the brunt of macroeconomic and geopolitical uncertainty. These have caused all major indexes to slip into the bear market as investors brace for economic hardship owing to the Federal Reserve’s ultra-aggressive monetary tightening to tame inflation.
Amid such serious concerns and market volatility, investors are cautious about entering the market. So, a conventional stock-picking strategy is the need of the hour for generating robust returns. One such method is picking stocks with steady sales growth. In this regard, stocks like W.R. Berkley Corp., Crocs, Inc., Boyd Gaming Corp., Boise Cascade Co. and TELUS Corp. are worth a look.
While evaluating any company, revenues are often more monitored than earnings. This is because investors want to make sure whether a business has the capability of generating more sales over time to cater to an expanding customer base. Stable or declining sales growth indicates obstacles at the company. Stagnant companies may generate near-term profit but do not ensure enough growth to attract new investors.
Without strong revenue growth, bottom-line improvement may not be sustainable over the long term. While a company can show earnings strength by lowering costs, continuous bottom-line improvement usually requires robust sales growth.
Nevertheless, sales growth alone doesn’t indicate much about a company’s prospects. Hence, taking into consideration a company’s cash position along with its sales number can prove to be a more dependable investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are five of the 18 stocks that qualified the screening:
W.R. Berkley, based in Greenwich, CT, is one of the nation’s largest commercial lines property casualty insurance providers. WRB offers a variety of insurance services from reinsurance to workers comp third-party administrators.
W.R. Berkley’s expected sales growth rate for 2022 is 15.3%. The stock sports a Zacks Rank #1 at present.
Headquartered in Broomfield, CO, Crocs is one of the leading footwear brands with its focus on comfort and style. Famous for its iconic clog material, CROX’s simple design and great comfort were an instant hit among consumers.
Crocs’ expected sales growth rate for 2022 is 49.8%. The stock currently carries a Zacks Rank #2.
Based in Las Vegas, NV, Boyd Gaming is a multi-jurisdictional gaming company. BYD owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.
Boyd Gaming’s sales are expected to rise 3.2% for 2022. The stock carries a Zacks Rank #2 at present.
Based in Boise, ID, Boise Cascade manufactures wood products and distributes building materials in the United States and Canada. BCC operates through two segments, Wood Products and Building Materials Distribution.
Boise Cascade’s expected sales growth for 2022 is 9.5%. The company, at present, sports a Zacks Rank #1.
Headquartered in Vancouver, TELUS is one of the largest telecom carriers in Canada (the largest in western Canada), covering 95% of the country’s population.
TELUS’ expected sales growth rate for 2022 is 2.8%. The stock carries a Zacks Rank #2 currently.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1989062/5-stocks-with-solid-sales-growth-to-bet-on-amid-market-mayhem
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.