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Diageo plc (DEO) in Focus: Stock Moves 5.5% Higher

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Diageo plc (DEO - Free Report)  was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $118.20 –$121.75 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported solid second-quarter 2017 results.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.  

Diageo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is  0.00%.

Diageo PLC Price

A better-ranked stock in the Beverages - Alcoholindustry is Heineken NV (HEINY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is DEO going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All 

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaries,"" but that should still leave plenty of money for regular investors who make the right trades early.

 See Zacks' 3 Best Stocks to Play This Trend >> 

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