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The Zacks Analyst Blog Highlights: Arista Networks, DTE Energy, Cognex, TransUnion and IPG Photonics

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For Immediate Release

Chicago, IL – November 15, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Arista Networks, Inc. (ANET - Free Report) , DTE Energy Company (DTE - Free Report) , Cognex Corporation (CGNX - Free Report) , TransUnion (TRU - Free Report) and IPG Photonics Corporation (IPGP - Free Report) .

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday’s Analyst Blog:

5 Stocks Hitting New to Buy Right Now

New highs have become commonplace in today’s bull market. Time and time again, investors have profited by jumping on a stock as it hits a peak, only to ride that stock even higher. And with an upbeat global economy and strong earnings growth throughout many sectors, this brand of momentum investing looks to continue its winning ways as we approach the New Year.

Of course, there are several global and domestic political risks that threaten Wall Street’s current overall strength, and buying individual stocks as they hit new highs is inherently slightly risky. But momentum investors believe that that once a trend is established, it is more likely to continue in that direction than to reverse the trend—and that could still be a winning strategy right now.

With all of this said, today marked another busy morning for new-high stocks. In fact, according to Barchart.com, at least 62 companies touched a new all-time high during Tuesday morning trading. Of these, several are also sporting strong Zacks Ranks, making them the perfect candidates for investors looking to find breakout stocks.

Check out these buy-ranked stocks that just hit all-time highs today:

1.       Arista Networks, Inc. (ANET)

Arista Networks is a provider of cloud networking solutions for datacenter and cloud computing environments. The stock surged as much as 1.63% in morning trading, touching a new all-time high of $228.84 per share in the process. After crushing our consensus estimate for earnings by nearly 34% in its most recent quarter, Arista has been on fire. ANET is currently sporting a Zacks Rank #1 (Strong Buy).

2.       DTE Energy Company (DTE)

Detroit-based utility giant DTE Energy has emerged as one of the strongest stocks in its industry. Shares have been consistently rising for two years, and the stock has been near its all-time peak for most of the last month. On Tuesday morning, DTE touched a new high of $115.18 per share, which was about 0.81% higher than Monday’s closing price. The stock remains a Zacks Rank #2 (Buy).

3.       Cognex Corporation (CGNX)

Cognex is a world leader in the machine vision industry. CGNX has been red-hot in 2017, and heading into the day, shares were up more than 116% on the year. That strong momentum continued in morning trading, with Cognex shares touching a new all-time high of $140.94 in morning trading. That intraday peak marked a 2.50% climb from Monday’s close. Cognex is currently a Zacks Rank #1 (Strong Buy).

4.       TransUnion (TRU)

The massive data breach suffered by rival Equifax has shifted more attention to TransUnion, at a time when the company was already performing well. Before today, shares were already up more than 74% on the year, and that run is looking poised to continue. TRU surged as much as 1.83% to touch a new all-time high of $55.00 per share on Tuesday morning. The stock is currently sporting a Zacks Rank #2 (Buy) and a “B” grade for Growth in our Style Scores system.

5.       IPG Photonics Corporation (IPGP)

IPG Photonics is the world leader in high-power fiber lasers and amplifiers. Shares of the company were up more than 127% heading into today. In morning trading, the stock touched a new all-time high of $229.65 per share, which was about 2.21% higher than Monday’s close. IPGP is currently a Zacks Rank #1 (Strong Buy).

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential 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/performance for information about the performance numbers displayed in this press release.



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