For Immediate Release
Chicago, IL –August 09, 2017 - Stocks in this week’s article includeABM Industries
(Professional & Business Services) (NYSE:(ABM - Free Report) – Free Report), Centene
(HealthCare) (NYSE:(CNC - Free Report) – Free Report), Restaurant Brands International
(Food Services & Drinking Places)(NYSE:(QSR - Free Report) – Free Report), Total System Services
(Professional & Business Services) (NYSE:(TSS - Free Report) – Free Report) and Wingstop
(Food Services & Drinking Places) (NASDAQ:(WING - Free Report) – Free Report).
By Kevin Matras
Winning Stocks from the Top 3 Industries
Every week the government and other entities release economic reports that cover all areas of the economy - from retail sales to housing, to international trade to consumer sentiment.
In fact, on virtually any given day there could be anywhere from one to a handful of reports.
And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.
For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.
I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.
In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery - for those who knew where to look.
But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).
Well here we are again, with more stock-picking insight, straight from last week's Employment Situation report. Last week it showed that some of the biggest job creation came from these three industries:
1) Food Services & Drinking Places: +53,000
(up 313,000 over the last 12 months)
2) Professional & Business Services: +49,000
(up 588,000 over the last 12 months)
3) HealthCare: +39,000
(up 327,000 over the last 12 months)
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
This is just one very specific way to do top down analysis. But you can go to any screener (like the one on Zacks.com or the Research Wizard) and locate the sector, then industry of interest.
Then you should add in your favorite and most successful stock-picking criteria to drill down to the best ones, such as Zacks Rank 1s or 2s (Strong Buys or Buys); market-beating growth rates; below industry valuations; upward earnings estimate revisions, etc.
Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report:
(NYSE:ABM – Free Report) ABM Industries
(Professional & Business Services)
(NYSE:CNC – Free Report) Centene
(NYSE:QSR – Free Report) Restaurant Brands International
(Food Services & Drinking Places)
(NYSE:TSS – Free Report) Total System Services
(Professional & Business Services)
(NASDAQ:WING – Free Report) Wingstop
(Food Services & Drinking Places)
Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of the new picks you come up with.
And you'll feel pretty smart after finding them too.
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 trial to the Research Wizard 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.
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. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
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.
Get the full Report on ABM - FREE
Get the full Report on CNC - FREE
Get the full Report on QSR - FREE
Get the full Report on TSS - FREE
Get the full Report on WING - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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.
Contact: Jim Giaquinto
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/performancefor information about the performance numbers displayed in this press release.