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Take the Zacks Approach to Beat the Market: Boeing, Halliburton, Starbucks in Focus
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The three most widely followed indexes made massive strides on Friday to close the first week of 2023 with gains. The tech-heavy Nasdaq Composite rose 1% for the week, while the S&P 500 and the Dow Jones Industrial Average advanced 1.5% each.
Friday marked the second winning day of the week after a rocky start to the new year but managed to salvage the entire week on the back of economic indicators, especially from the labor market, adding fuel to the belief that the Fed’s policies have started to take effect. Data from the manufacturing sector also reiterated the same, contracting in December.
With wage increases slowing despite higher nonfarm payrolls, the consensus was that the central bank would slow down its interest rate hikes going forward. The markets took off on what they believed to be the end of one of the Fed’s most aggressive tightening cycles in decades.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
The GEO Group, McGrath RentCorp Soar Following Zacks Rank Upgrade
Shares of The GEO Group, Inc. (GEO - Free Report) have surged 31.2% since it was upgraded to a Zacks Rank #2 (Buy) on October 28.
Another stock, McGrath RentCorp (MGRC - Free Report) , was upgraded to a Zacks Rank #1 (Strong Buy) on the same dayand has returned 16.3% since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
This stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 to Zacks Rank #5 (Strong Sell), has an impressive externally audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988.You can see the complete list of today’s Zacks Rank #1 stocks here >>>
Zacks Recommendation Upgrade Drives Assertio and Halliburton Higher
Shares of Assertio Holdings, Inc. (ASRT - Free Report) and Halliburton Company (HAL - Free Report) have surged 97.3% and 10.9% since their Zacks Recommendation was upgraded to Outperform on October 24 and October 28, respectively.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Model Portfolio Boeing, Axon Skyrocket
Shares of The Boeing Company (BA - Free Report) , which belongs to the Zacks Focus List, have soared 60.9% over the past 12 weeks. The stock was added to the Focus List on March 23, 2020. Another Focus-List holding, Axon Enterprise, Inc. (AXON - Free Report) , which was added to the portfolio on June 3,2020, has returned 41.3% over the past 12 weeks.
The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
Since its inception on Feb 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
The Procter & Gamble Company (PG - Free Report) , a component of our Earnings Certain Admiral Portfolio (ECAP), jumped 23.1% over the past 12 weeks. Kimberly-Clark Corporation (KMB - Free Report) followed Procter & Gamble with 22.3% returns.
ECAP is a model portfolio of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Starbucks Corporation (SBUX - Free Report) , which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 23.5% over the past 12 weeks. Another ECDP stock, Quest Diagnostics Incorporated (DGX - Free Report) , has climbed 23.4% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance.
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The ECDP has consistently outperformed the S&P 500 Dividend Aristocrats ETF (NOBL - Free Report) .
Image: Bigstock
Take the Zacks Approach to Beat the Market: Boeing, Halliburton, Starbucks in Focus
The three most widely followed indexes made massive strides on Friday to close the first week of 2023 with gains. The tech-heavy Nasdaq Composite rose 1% for the week, while the S&P 500 and the Dow Jones Industrial Average advanced 1.5% each.
Friday marked the second winning day of the week after a rocky start to the new year but managed to salvage the entire week on the back of economic indicators, especially from the labor market, adding fuel to the belief that the Fed’s policies have started to take effect. Data from the manufacturing sector also reiterated the same, contracting in December.
With wage increases slowing despite higher nonfarm payrolls, the consensus was that the central bank would slow down its interest rate hikes going forward. The markets took off on what they believed to be the end of one of the Fed’s most aggressive tightening cycles in decades.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
The GEO Group, McGrath RentCorp Soar Following Zacks Rank Upgrade
Shares of The GEO Group, Inc. (GEO - Free Report) have surged 31.2% since it was upgraded to a Zacks Rank #2 (Buy) on October 28.
Another stock, McGrath RentCorp (MGRC - Free Report) , was upgraded to a Zacks Rank #1 (Strong Buy) on the same dayand has returned 16.3% since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
This stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 to Zacks Rank #5 (Strong Sell), has an impressive externally audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988.You can see the complete list of today’s Zacks Rank #1 stocks here >>>
Check The GEO Group’s historical EPS and Sales here>>>
Check McGrath RentCorp’s historical EPS and Sales here>>>
Image Source: Zacks Investment Research
Zacks Recommendation Upgrade Drives Assertio and Halliburton Higher
Shares of Assertio Holdings, Inc. (ASRT - Free Report) and Halliburton Company (HAL - Free Report) have surged 97.3% and 10.9% since their Zacks Recommendation was upgraded to Outperform on October 24 and October 28, respectively.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>
Zacks Focus List Model Portfolio Boeing, Axon Skyrocket
Shares of The Boeing Company (BA - Free Report) , which belongs to the Zacks Focus List, have soared 60.9% over the past 12 weeks. The stock was added to the Focus List on March 23, 2020. Another Focus-List holding, Axon Enterprise, Inc. (AXON - Free Report) , which was added to the portfolio on June 3,2020, has returned 41.3% over the past 12 weeks.
The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.
Since its inception on Feb 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.
Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>
Zacks ECAP Stocks Procter & Gamble, Kimberly-Clark Rapidly Advance
The Procter & Gamble Company (PG - Free Report) , a component of our Earnings Certain Admiral Portfolio (ECAP), jumped 23.1% over the past 12 weeks. Kimberly-Clark Corporation (KMB - Free Report) followed Procter & Gamble with 22.3% returns.
ECAP is a model portfolio of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks.
With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks Starbucks, Quest Diagnostics Outperform Peers
Starbucks Corporation (SBUX - Free Report) , which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 23.5% over the past 12 weeks. Another ECDP stock, Quest Diagnostics Incorporated (DGX - Free Report) , has climbed 23.4% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance.
Check Starbucks’ dividend history here>>>
Check Quest Diagnostics’ dividend history here>>>
With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The ECDP has consistently outperformed the S&P 500 Dividend Aristocrats ETF (NOBL - Free Report) .
Click here to access this portfolio on Zacks Advisor Tools.