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Zacks Value Trader Highlights: Penske Automotive Group, United Rentals and PACCAR
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For Immediate Release
Chicago, IL – March 13, 2023 – Zacks Value Trader 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: https://www.zacks.com/stock/news/2064354/3-top-value-stocks-breaking-out-in-2023)
Top Value Stocks Breaking Out in 2023
Welcome to Episode #320 of the Value Investor Podcast.
(0:15) - Finding Value Stocks With Massive Growth
(3:25) - Tracey’s Top Stock Picks
(20:30) - Episode Roundup: PAG, URI, PCAR, ACM, FAST
Podcast@Zacks.com
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With so much talk of the rebound in growth stocks in 2023, it might be lost on many that there are actually value stocks rallying this year as well.
In fact, some value stocks are actually breaking out to new 52-week highs this year with little fanfare.
Where can you find these stocks?
Tracey can tell you where they aren't: they aren't energy stocks. Energy was the best performing sector in the S&P 500 for the last 2 years but it's been weak so far in 2023.
Penske Automotive Group is an auto and truck retailer which also owns 25% of Penske Logistics.
While 2022 appears to be peak earnings, with Penske making $18.55, the analysts still expect a bullish 2023 with the Zacks Consensus currently calling for $15.18. That's 18.2% below 2022's record, but 6 estimates have been raised for 2023 in the last month.
Penske shares are cheap with a forward P/E of 9.5. It also pays a dividend, currently yielding 1.7%.
United Rentals is the largest equipment rental company in the United States. Earnings are expected to jump 28.3% in 2023 to $41.69 from $32.50 last year.
Shares of United Rentals have soared 54% in the last year and are up 28% year-to-date. It's still cheap, with a forward P/E of 11.4. United Rentals also recently started paying a dividend for the first time. It is currently yielding 0.3%.
With shares hitting new 5-year highs, should United Rentals still be on your short list?
PACCAR manufactures premium light, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands. Earnings are expected to rise 6.3% in 2023 to $6.11 from $5.75 last year.
Shares of PACCAR are up 30% in the last year and are near 5-year highs. PACCAR pays a dividend currently yielding 1.3%.
Should PACCAR be on your watch list?
What Else Do You Need to Know About Value Stocks with Momentum?
Listen to this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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.
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/performancefor information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: Penske Automotive Group, United Rentals and PACCAR
For Immediate Release
Chicago, IL – March 13, 2023 – Zacks Value Trader 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: https://www.zacks.com/stock/news/2064354/3-top-value-stocks-breaking-out-in-2023)
Top Value Stocks Breaking Out in 2023
Welcome to Episode #320 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With so much talk of the rebound in growth stocks in 2023, it might be lost on many that there are actually value stocks rallying this year as well.
In fact, some value stocks are actually breaking out to new 52-week highs this year with little fanfare.
Where can you find these stocks?
Tracey can tell you where they aren't: they aren't energy stocks. Energy was the best performing sector in the S&P 500 for the last 2 years but it's been weak so far in 2023.
3 Top Value Stocks Breaking Out in 2023
Penske Automotive Group, Inc. (PAG - Free Report)
Penske Automotive Group is an auto and truck retailer which also owns 25% of Penske Logistics.
While 2022 appears to be peak earnings, with Penske making $18.55, the analysts still expect a bullish 2023 with the Zacks Consensus currently calling for $15.18. That's 18.2% below 2022's record, but 6 estimates have been raised for 2023 in the last month.
Penske shares are cheap with a forward P/E of 9.5. It also pays a dividend, currently yielding 1.7%.
Should you dive into shares of Penske in 2023?
United Rentals, Inc. (URI - Free Report)
United Rentals is the largest equipment rental company in the United States. Earnings are expected to jump 28.3% in 2023 to $41.69 from $32.50 last year.
Shares of United Rentals have soared 54% in the last year and are up 28% year-to-date. It's still cheap, with a forward P/E of 11.4. United Rentals also recently started paying a dividend for the first time. It is currently yielding 0.3%.
With shares hitting new 5-year highs, should United Rentals still be on your short list?
PACCAR Inc. (PCAR - Free Report)
PACCAR manufactures premium light, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands. Earnings are expected to rise 6.3% in 2023 to $6.11 from $5.75 last year.
Shares of PACCAR are up 30% in the last year and are near 5-year highs. PACCAR pays a dividend currently yielding 1.3%.
Should PACCAR be on your watch list?
What Else Do You Need to Know About Value Stocks with Momentum?
Listen to this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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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/performancefor information about the performance numbers displayed in this press release.