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The Zacks Analyst Blog Highlights: Spirit Airlines, Hertz Global Holdings, Macy's, Target and Ross Stores

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For Immediate Release

Chicago, IL – November 23, 2018 – 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 Spirit Airlines, Inc. (SAVE - Free Report) , Hertz Global Holdings, Inc. (HTZ - Free Report) , Macy's, Inc. (M - Free Report) , Target Corporation (TGT - Free Report) and Ross Stores, Inc. (ROST - Free Report) .

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Here are highlights from Wednesday’s Analyst Blog:

5 Great Travel & Retail Stocks for Thanksgiving Weekend

Travel and shopping are major priorities for Americans over the Thanksgiving period. Projections from the American Automobile Association (AAA) reveal that the number of Americans traveling this Thanksgiving will be the highest in 13 years. Meanwhile, Airlines for America (A4A) predicts that air travel will hit an all-time during the 12-day Thanksgiving period.

Despite the rise of online retail, experts think that the Black Friday period is a crucial time for conventional retailers. A survey released by National Retail Federation (NRF) shows that the Thanksgiving weekend will see a substantial number of shoppers. This is why it makes sense to stock up on travel and retail stocks at this time.

Highest Number of Thanksgiving Travelers in 13 Years

Projections from the AAA indicate 54.3 million Americans will travel 50 miles or farther from home this Thanksgiving. This represents a year-over-year increase of 4.8% and the highest in terms of travel volume since 2005. Most Americans, an estimated 48.5 million will travel by road, which is 5% higher than last year.

Buses, cruise ships and trains will experience a 1.4% uptick in the number of travelers, estimated to touch 1.48 million passengers. However, the largest growth will be witnessed in air travel. An estimated 4.27 million will take to the skies this Thanksgiving, 5.4% higher than last year.

According to A4A projections, this 12-day Thanksgiving air travel period will witness the highest number of passengers on record. The A4A predicts that 30.6 million passengers will board U.S. airlines during this period, higher than 29 million last year. The busiest day will be Nov 25, predicted to witness 3.06 million passengers.

Thanksgiving Weekend to Witness 164 Million Shoppers

According to the annual survey conducted by Prosper Insights & Analytics for the NRF, 164 million Americans will scramble to grab offers over the Thanksgiving weekend. Per the NRF’s Ana Smith, Black Friday is the second-biggest shopping day of the holiday season. The day will see 116 million Americans hunting for the best bargains.

Per the survey, 21% of those looking to splurge over this holiday weekend will shop on Thanksgiving Day. While this works out to 34 million, Black Friday will be the busiest day of this period, with 71% or 116 million joining the shopping frenzy.

Nearly 46% or 75 million Americans will make the best of online bargains on Cyber Monday, which brings this period to a close. (Read: 6 Consumer Discretionary Stocks to Buy for Black Friday Week)

Our Choices

Projections from the AAA and the A4A indicate that a record number of Americans will travel during the Thanksgiving period. Meanwhile, a survey released by the NRF predicts that the Thanksgiving weekend will witness a large number of shoppers.

This is why it makes sense to add travel and retail stocks to your portfolio. We have narrowed our search to the following stocks based on a good Zacks Rank and other relevant metrics.

Spirit Airlines, Inc. is an ultra-low-cost carrier that went public in 2011. The company provides travel opportunities, principally to and from South Florida, the Caribbean and Latin America.

Spirit Airlines’ expected earnings growth for the current year is 11.6%. The Zacks Consensus Estimate for current-year earnings has improved 6.5% over the last 30 days. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Hertz Global Holdings, Inc. is a key player in the vehicle rental industry. Its subsidiary, The Hertz Corporation, is responsible for the operation of vehicle rental services under the Hertz, Dollar and Thrifty brands.

Hertz has a Zacks Rank #2 (Buy). The company has expected earnings growth of 52.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.5% over the last 30 days.

Macy's, Inc. is one of the leading department store retailers in the United States.

Macy's has a Zacks Rank #2. The company has expected earnings growth of 11% for the current year. The Zacks Consensus Estimate for current-year earnings has moved up 2.8% over the last 30 days.

Target Corporation operates as a general merchandise retailer in the United States.

Target has a Zacks Rank #2. The company has expected earnings growth of 14.8% for the current year. The Zacks Consensus Estimate for current-year earnings has increased 0.4% over the last 30 days.

Ross Stores, Inc. operates as an off-price retailer of apparel and home accessories, primarily in the United States.

Ross Stores has a Zacks Rank #2. The company has expected earnings growth of 23.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days.

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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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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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