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Garmin and M/I Homes have been highlighted as Zacks Bull and Bear of the Day

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For Immediate Release

Chicago, IL – September 29, 2026 – Zacks Equity Research shares Garmin Ltd. (GRMN - Free Report) as the Bull of the Day and M/I Homes (MHO - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Micron Technology, Inc. (MU - Free Report) .

Here is a synopsis of all three stocks.

Bull of the Day:

Garmin Ltd. grew its revenue and earnings at an impressive rate over the past several years and in the first half of 2026.

The wearable tech giant is building momentum across its portfolio, highlighted by strong growth in its Fitness category.

The GPS powerhouse, operating across Fitness, Outdoor, Aviation, Marine, and Auto OEM, expanded its GAAP earnings by 70% between 2022 and 2025 and bolstered its revenue by 50%.

Most recently, Garmin posted an impressive beat-and-raise Q2, driven by 25% expansion in its Fitness segment (32% in the first half) as it rolls out more wearable offerings to compete against up-and-coming peers attempting to disrupt the space.

GRMN’s upward earnings revisions land the GPS technology innovator a Zacks Rank #1 (Strong Buy) right now. It’s also part of an industry that ranks in the top 15% of roughly 250 Zacks industries.

Wall Street appreciates that Garmin is more immune to AI disruptions than most of the broader technology sector. Simply put, GRMN’s wearable fitness tracker technologies and GPS systems for boats, planes, and beyond are difficult for AI chatbots and AI assistants to replace.

Garmin stock soared 180% in the past three years as part of a strong S&P 500-beating performance over the last 15 years. The stock is down ~7% from its early August peaks following its post-earnings surge, and it has already found technical support.

Capping off Garmin’s near-term and long-term bull case is its pristine, debt-free balance sheet. The company showcased its financial firepower by raising its dividend by 17% for 2026 and implemented a new $500 million share repurchase program at the start of the year.

Best "Strong Buy" Tech Stocks to Buy Now Outside of the AI Boom

Garmin has been a leader in the consumer-facing GPS industry for the past 30 years. The company’s in-car navigation systems helped it become a household name.

Today, Garmin's portfolio spans far beyond automotive GPS systems, which is critical considering that many people use their Apple iPhones and other smartphones to get from point A to point B.

The Switzerland-based tech company’s fitness wearables and smartwatches are growing in popularity despite challenges from Apple and others. 

GRMN remains at the cutting edge of the hugely popular fitness and health wearables category, attracting everyone from fitness fanatics to hikers and mountaineers and beyond. The segment is gaining steam as more people want to track various health metrics from heart rate to pulse ox, stress, and more.

The wearable fitness category is so hot that smart ring maker Oura’s upcoming IPO is reportedly four times oversubscribed—Oura is reportedly ready to make its Wall Street debut during the week of September 28.

The success of Oura’s no-frills health wearable sparked, in part, Garmin to launch its “first screen-free smart band that tracks advanced fitness and wellness features” called the CIRQA in late July.

GRMN is ready to stand out in this segment since it sells the new screen-free fitness and healthcare tracker without a subscription, unlike some of its next-gen competitors Oura ($5.99 a month) and Whoop (WHOOP One: $25/month).

Fitness accounted for roughly 33% of 2025 revenue, followed by its golf, consumer auto, and adventure watch-heavy Outdoor unit at 28%. GRMN’s portfolio spans far beyond its more consumer-heavy efforts. Garmin is an innovator across aviation and marine.

Garmin makes sonar, radars, autopilot systems, and other crucial and cutting-edge tech for various types and sizes of boats. Meanwhile, its aviation business spans general, business, government & defense, helicopters, and experimental aircraft, with offerings such as flight decks & displays, autopilot, navigation & radios, and much more.

GRMN also works directly with automotive giants like BMW, Mercedes-Benz, and beyond through its Auto OEM unit, which is by far its smallest segment.

Garmin’s Strong Growth Outlook Isn’t Based on AI Upside

Garmin grew its sales by 15% in 2025,,  following 20% growth in 2024, driven by record revenue across all five segments. Its Fitness segment surged 33% in 2025, driven by 42% growth in Q4. Overall, the company shipped over 20 million units last year.

On the earnings front, GRMN expanded its GAAP EPS by 18% last year and its adjusted earnings by 16%.

The company expanded its revenue by 13% in the first half of 2026, driven by a 32% expansion in Fitness. GRMN posted even stronger bottom-line expansion, boosting its GAAP and adjusted EPS by 29% in the first six months of 2026.

More importantly, in the forward-looking world of Wall Street, Garmin upped its full-year revenue and earnings guidance.

GRMN’s recent upward EPS revisions help it land a Zacks Rank #1 (Strong Buy) right now. Plus, it has topped our EPS estimates by an average of 14% in the past four quarters.

Looking ahead, the GPS powerhouse is projected to boost its adjusted EPS by 18% in 2026 and another 6% next year to reach $10.70 a share, more than doubling its 2020 total of $5.13 a share. The chart below showcases Garmin’s longer-term EPS growth upside.

Garmin is projected to grow its revenue by 12% in 2026 and 10% next year to jump to $8.87 billion, doubling 2020’s $4.19 billion in the process. The company also completed, in late July, the strategic acquisitions of TrainingPeaks and TrainHeroic, which is referred to as “leading training platforms for athletes and coaches.”

Is Garmin the Best Non-AI Tech Stock to Buy Right Now?

Investors must, without a doubt, continue to buy AI stocks to make sure they are exposed to what’s projected to be the biggest boom in economic and Wall Street history. Investors must also make sure they are buying and holding stocks outside of AI.

Garmin’s ability to expand in a proven and growing area of physical technology that appears immune to AI disruptions adds to the wearable fitness and GPS maker’s bull case. 

GRMN stock is neck-and-neck with the Tech sector over the past 10 years, up ~510%, including a 45% YTD charge to double Tech’s 22%. The GPS maker has soared ~3,550% in the past 25 years vs. the benchmark S&P 500’s 680%.

The stock is down around ~7% from its August highs, and it already rebounded back above its 50-day moving average after finding technical support at its pre-Q2 earnings breakout highs from April.

Garmin is a well-oiled machine churning out free cash flow growth and building a stellar debt-free balance sheet, highlighted by $2.7 billion in cash and equivalents and $11.4 billion in total assets against just $2.4 billion in total liabilities.

Garmin has the financial foundation to keep innovating in an AI-obsessed world and making critical acquisitions.  

Garmin lifted its dividend payout by 17% and announced a new $500 million share repurchase program at the start of 2026. Its dividend yield stands at 1.4%. The stock is part of the Electronics - Miscellaneous Products industry that sits in the top 15% of 250.

This is important since studies have shown that roughly half of a stock's price movement can be attributed to a stock's industry group. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1.   

Bear of the Day:

M/I Homes is a single-family homebuilder that’s suffering alongside the entire housing and homebuilder market as mortgage rates rebound back above 7%.

MHO’s recent downward earnings revisions extend a longer-term trend of negative EPS revisions, earning the homebuilder a Zacks Rank #5 (Strong Sell). Investors with near-term outlooks likely want to stay away from the entire Zacks Home Builders industry, which lands in the bottom 5% of nearly 250 different industries

Why Investors Might Want to Stay Away from MHO Stock Right Now

M/I Homes is a home builder focused on single-family homes, serving a range of buyers from first-time and move-up to luxury and empty nesters. The Columbus, Ohio-based company serves 17 markets across the U.S.

MHO went on a booming run between 2012 and 2022. It has been a rougher go of it for M/I Homes and the entire industry since the post-Covid boom. The wild Covid-driven housing run created a significant pull forward.

On top of that, and more importantly, the ultra-low interest and mortgage rate environment is long gone.

The average 30-year fixed-rate mortgage has ripped back to 7% as long-term U.S. yields rise. On top of higher mortgage rates, the housing market is cooling off because home prices remain out of reach for many throughout critical areas of the country.

MHO’s GAAP earnings fell 25% YoY in 2025 and another 19% in the first six months of 2026. The company’s adjusted earnings outlook slipped 13% for Q3 since its second-quarter report in late July, with its FY26 estimate 5% lower and its 2027 consensus down 15%. This backdrop lands M/I Homes its Zacks Rank #5 (Strong Sell) and prolongs its downward EPS revisions spiral.

The firm’s “homes delivered” decreased 6% in the second quarter, with revenue down 9%. M/I Homes is expected to see its adjusted 2026 earnings fall 19% YoY on 5.4% lower revenue.

Looking ahead, it is expected to return to growth in 2027, to the tune of 8.4% EPS expansion on 4.4% higher revenue. Nonetheless, investors likely want to look beyond M/I Homes and the entire Building Products - Home Builders industry if they are looking for near-term upside.  

Additional content:

Should You Buy, Hold, or Sell Micron Stock Ahead of Q4 Earnings?

Micron Technology, Inc. is all set to release its fiscal fourth-quarter 2026 results after the market closes on Sept. 30. No doubt, investors will keep an eye on the report for crucial insights about the health of the memory market.

However, the key question for investors now is whether Micron remains an attractive investment opportunity before its much-awaited earnings report. Let’s have a look.

Micron’s Fiscal Fourth Quarter: What Investors Should Expect

One thing that stands out is Micron’s exceptional revenue growth. Micron’s revenue jumped to $41.46 billion in the fiscal third quarter, up from $23.86 billion in the fiscal second quarter, according to the company’s June 24 press release. Management now expects revenues to climb further to $50 billion in the fiscal fourth quarter. This means that, despite a 73.7% sequential jump in the fiscal third quarter, Micron expects to maintain a substantial $8.5 billion increase in sales in the fiscal fourth quarter.

Revenue growth is expected to improve as demand for Micron’s cutting-edge high-bandwidth memory (“HBM”) chips, high-capacity server memory, and SOCAMM2 products remains strong, driven by hyperscalers continuing to ramp up artificial intelligence (AI) infrastructure spending. Strategic customer agreements and a favorable pricing environment are expected to drive continued sequential revenue growth into the fiscal fourth quarter.

Micron is not just forecasting higher revenues; it expects margins to improve further. For the fiscal fourth quarter, Micron expects GAAP gross margin to be approximately 86%, up from 84.6% in the fiscal third quarter, 74.4% in the fiscal second quarter, and 37.7% in the fiscal third quarter of 2025. Earnings per share (EPS) growth is also expected to remain strong, with Micron guiding for fiscal fourth-quarter GAAP EPS at $30.73, plus or minus $1, up from $24.67 reported in the fiscal third quarter.

Is Micron Stock a Buy, Hold, or Sell Ahead of Q4 Earnings?

Micron’s fiscal fourth-quarter outlook points to strong AI-driven demand for HBM and server memory, higher revenue, margins, and robust earnings growth, which could support further upside for the stock. Additionally, Micron has delivered an average earnings surprise of 21.1% over the past four quarters, raising the possibility of another strong performance in the fiscal fourth quarter, which may further catalyze the stock.

Taken together, these factors should encourage stakeholders to maintain their existing positions. However, new investors should wait for the results and the stock’s subsequent reaction before making an investment decision. This is because Micron’s near-term growth trajectory is dependent on how the company’s guidance compares with market expectations.

Yes, some skeptics may argue that Micron is part of the highly cyclical memory market, exposing its shares to sharp declines if earnings fall short of expectations. But robust AI-driven memory demand, strong revenue growth, and improving profitability expectations suggest that investors shouldn’t sell the stock, as the long-term outlook under the able leadership of Sanjay Mehrotra remains strong (read more: Micron vs. NVIDIA: 1 AI Stock to Buy Now and 1 to Watch).

Micron currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.???

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