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Zacks Investment Ideas feature highlights: Exact Sciences, Kaiser Aluminum and Atmus Filtration Technologies
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For Immediate Release
Chicago, IL – April 11, 2024 – Today, Zacks Investment Ideas feature highlights Exact Sciences (EXAS - Free Report) , Kaiser Aluminum (KALU - Free Report) and Atmus Filtration Technologies (ATMU - Free Report) .
3 Buy-Rated Stocks Flexing Relative Strength
Several stand-out stocks displaying relative strength have emerged over the last month, including Exact Sciences, Kaiser Aluminum and Atmus Filtration Technologies.
Relative strength focuses on stocks that have performed at a higher level relative to the market or another relevant benchmark. By targeting stocks displaying this bullish price action, investors can find themselves in positive market trends where buyers are in control.
Let's take a closer look at each.
Exact Sciences
Exact Sciences, a current Zacks Rank #1 (Strong Buy), is a molecular diagnostics company focused on the early detection and prevention of some of the deadliest forms of cancer. Analysts have taken a positive stance on the company's current fiscal year, with the -$0.86 Zacks Consensus EPS estimate up nearly 60% over the last year.
The company has enjoyed significant revenue growth over the years, posting double-digit percentage year-over-year growth rates in nine consecutive quarters. Exact generated $647 million in sales (quarterly record) throughout its latest quarter, 17% higher than the year-ago period.
Kaiser Aluminum
Kaiser Aluminum is a leading producer of semi-fabricated specialty aluminum products. The stock is a Zacks Rank #1 (Strong Buy), with the revisions trend particularly bullish for its upcoming quarterly release expected on April 24th.
Shares popped following its latest set of quarterly results, with favorable execution helping deliver 48% year-over-year adjusted EBITDA growth and record net sales within its Aerospace/High Strength segment.
The company's shareholder-friendly nature is undoubtedly worthy of a highlight, carrying a 5.8% five-year annualized dividend growth rate. Shares presently yield a solid 3.3% on an annual basis, nicely above the S&P 500's 1.3%.
Atmus Filtration Technologies
Atmus Filtration Technologies provides filtration and media solutions to customers across truck, bus, agriculture, construction, mining, marine, and power generation vehicle and equipment markets. The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with earnings expectations rising across all timeframes.
Like KALU, Atmus Filtration shares popped following its latest set of quarterly results, with the company posting a 14% beat relative to the Zacks Consensus EPS estimate and posting sales 3% ahead of expectations. Margin expansion was a notable highlight, moving well higher to 26.4% vs 21.5% in the year-ago period.
Bottom Line
While the market has taken a small breather, there have been many big-time winners throughout the last month, including the stocks featured above.
In addition to momentum, all three sport a favorable Zacks Rank, reflecting upward trending earnings estimate revisions among analysts.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
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 Investment Ideas feature highlights: Exact Sciences, Kaiser Aluminum and Atmus Filtration Technologies
For Immediate Release
Chicago, IL – April 11, 2024 – Today, Zacks Investment Ideas feature highlights Exact Sciences (EXAS - Free Report) , Kaiser Aluminum (KALU - Free Report) and Atmus Filtration Technologies (ATMU - Free Report) .
3 Buy-Rated Stocks Flexing Relative Strength
Several stand-out stocks displaying relative strength have emerged over the last month, including Exact Sciences, Kaiser Aluminum and Atmus Filtration Technologies.
Relative strength focuses on stocks that have performed at a higher level relative to the market or another relevant benchmark. By targeting stocks displaying this bullish price action, investors can find themselves in positive market trends where buyers are in control.
Let's take a closer look at each.
Exact Sciences
Exact Sciences, a current Zacks Rank #1 (Strong Buy), is a molecular diagnostics company focused on the early detection and prevention of some of the deadliest forms of cancer. Analysts have taken a positive stance on the company's current fiscal year, with the -$0.86 Zacks Consensus EPS estimate up nearly 60% over the last year.
The company has enjoyed significant revenue growth over the years, posting double-digit percentage year-over-year growth rates in nine consecutive quarters. Exact generated $647 million in sales (quarterly record) throughout its latest quarter, 17% higher than the year-ago period.
Kaiser Aluminum
Kaiser Aluminum is a leading producer of semi-fabricated specialty aluminum products. The stock is a Zacks Rank #1 (Strong Buy), with the revisions trend particularly bullish for its upcoming quarterly release expected on April 24th.
Shares popped following its latest set of quarterly results, with favorable execution helping deliver 48% year-over-year adjusted EBITDA growth and record net sales within its Aerospace/High Strength segment.
The company's shareholder-friendly nature is undoubtedly worthy of a highlight, carrying a 5.8% five-year annualized dividend growth rate. Shares presently yield a solid 3.3% on an annual basis, nicely above the S&P 500's 1.3%.
Atmus Filtration Technologies
Atmus Filtration Technologies provides filtration and media solutions to customers across truck, bus, agriculture, construction, mining, marine, and power generation vehicle and equipment markets. The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with earnings expectations rising across all timeframes.
Like KALU, Atmus Filtration shares popped following its latest set of quarterly results, with the company posting a 14% beat relative to the Zacks Consensus EPS estimate and posting sales 3% ahead of expectations. Margin expansion was a notable highlight, moving well higher to 26.4% vs 21.5% in the year-ago period.
Bottom Line
While the market has taken a small breather, there have been many big-time winners throughout the last month, including the stocks featured above.
In addition to momentum, all three sport a favorable Zacks Rank, reflecting upward trending earnings estimate revisions among analysts.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.