We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: CMCSA, Select Interior, Lululemon, G-III and IMAX
Read MoreHide Full Article
For Immediate Release
Chicago, IL – May 2, 2019 – 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 CMCSA Corp. (CMCSA - Free Report) ,Select Interior Concepts Inc. , Lululemon Athletica Inc. (LULU - Free Report) , G-III Apparel Group Ltd. (GIII - Free Report) and IMAX Corp. (IMAX - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Consumer Confidence Bounces Back: Invest in These 5 Stocks
On Apr 30, the Conference Board released U.S. consumer confidence data for the month of April. The metric returned to growth trajectory after a dip in March. The indexes remain at appreciable levels, very close to highs in a decade. The metric indicates that the U.S. economy is likely to sustain its momentum in the ensuing second quarter.
A robust job market, higher consumer spending, low inflation rate and a stable interest rate are likely to increase consumer confidence in the months to come. At this stage, investment in consumer discretionary stocks with a favorable Zacks Rank will be a prudent move.
Strong Consumer Confidence Data in April
For April 2019, the Conference Board's measure of consumer confidence index stands at 129.2 compared with 124.2 in March. April’s reading also came in above the consensus estimate of 125.8. The Present Situation Index, which gauges consumers’ views about current market conditions, climbed from 163 to 168.3.
More importantly, the Expectations Index, which is a measure of the consumers’ short-term (for next six months) outlook for income, business and labor market conditions, surged to 103 from 98.3. Both Present Situation and Expectation indexes currently stand at close to the highest levels in a decade.
GDP Growth to Stay Firm in Second Quarter
Consumer spending rose 0.9% in March, following an increase of 0.1% in February and 0.3% in January. The metric is highly important as it constitutes two-third of U.S. GDP. Consumer spending was up 2.9% year over year in March.
The PCE price inflation grew 1.5% in March on a year-over-year basis compared with 1.3% in February. However, core PCE inflation (excluding volatile items like food and energy prices) remained flat in March. Year over year, core PCE inflation grew by 1.6%, way below the Fed’s target rate of 2%.
Last week, the Bureau of Economic Analysis reported that personal consumption grew 1.2% in the first quarter of 2019 resulting in 3.2% growth in GDP. A high rate of consumer spending and low inflation confirms that the economy is in a strong footing for second-quarter growth.
Moreover, the Fed has decided to keep benchmark interest rate unchanged at 2.25-2.5% in 2019. The central bank will also stop quantitative tightening policy since September. A stable interest rate policy bodes well for U.S. consumers.
Additionally, a robust labor market that added 196,000 jobs for the month of March is a major catalyst for the U.S. economy. First-quarter 2019 average job gains were a solid 180,000. The unemployment rate remained at a 50-year low of 3.8%.
Our Top Picks
Strong consumer confidence data indicates that consumer spending is likely to witness robust growth in the coming months. Consequently, adding consumer discretionary stocks to your portfolio makes sense at this point.
CMCSA Corp.operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The stock carries a VGM Score of B. The company has an expected earnings growth rate of 13.3% for the current year. The Zacks Consensus Estimate for the current year has improved 5.9% over the last 30 days. The stock has surged 45% year to date.
Lululemon Athletica Inc. designs, distributes, and retails athletic apparel and accessories for women, men and female youth. It carries a VGM Score of B. The company has an expected earnings growth rate of 22.7% for the current year. The Zacks Consensus Estimate for the current year has improved 7.3% over the last 60 days. The stock has surged 27.9% year to date.
G-III Apparel Group Ltd. designs, sources and markets women's and men's apparel in the United States and internationally. It carries a VGM Score of A. The company has an expected earnings growth rate of 15.4% for the current year. The Zacks Consensus Estimate for the current year has improved 5.1% over the last 60 days. The stock has surged 54.7% year to date.
IMAX Corp.operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It carries a VGM Score of B. The company has an expected earnings growth rate of 22% for the current year. The Zacks Consensus Estimate for the current year has improved 2.8% over the last 60 days. The stock has surged 29.6% year to date.
Select Interior Concepts Inc.installs and distributes interior building products for residential interior design services markets in the United States. It carries a VGM Score of B. The company has an expected earnings growth rate of 1,250% for the current year. The Zacks Consensus Estimate for the current year has improved 4.5% over the last 60 days. The stock has surged 64.8% year to date.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: CMCSA, Select Interior, Lululemon, G-III and IMAX
For Immediate Release
Chicago, IL – May 2, 2019 – 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 CMCSA Corp. (CMCSA - Free Report) ,Select Interior Concepts Inc. , Lululemon Athletica Inc. (LULU - Free Report) , G-III Apparel Group Ltd. (GIII - Free Report) and IMAX Corp. (IMAX - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Consumer Confidence Bounces Back: Invest in These 5 Stocks
On Apr 30, the Conference Board released U.S. consumer confidence data for the month of April. The metric returned to growth trajectory after a dip in March. The indexes remain at appreciable levels, very close to highs in a decade. The metric indicates that the U.S. economy is likely to sustain its momentum in the ensuing second quarter.
A robust job market, higher consumer spending, low inflation rate and a stable interest rate are likely to increase consumer confidence in the months to come. At this stage, investment in consumer discretionary stocks with a favorable Zacks Rank will be a prudent move.
Strong Consumer Confidence Data in April
For April 2019, the Conference Board's measure of consumer confidence index stands at 129.2 compared with 124.2 in March. April’s reading also came in above the consensus estimate of 125.8. The Present Situation Index, which gauges consumers’ views about current market conditions, climbed from 163 to 168.3.
More importantly, the Expectations Index, which is a measure of the consumers’ short-term (for next six months) outlook for income, business and labor market conditions, surged to 103 from 98.3. Both Present Situation and Expectation indexes currently stand at close to the highest levels in a decade.
GDP Growth to Stay Firm in Second Quarter
Consumer spending rose 0.9% in March, following an increase of 0.1% in February and 0.3% in January. The metric is highly important as it constitutes two-third of U.S. GDP. Consumer spending was up 2.9% year over year in March.
The PCE price inflation grew 1.5% in March on a year-over-year basis compared with 1.3% in February. However, core PCE inflation (excluding volatile items like food and energy prices) remained flat in March. Year over year, core PCE inflation grew by 1.6%, way below the Fed’s target rate of 2%.
Last week, the Bureau of Economic Analysis reported that personal consumption grew 1.2% in the first quarter of 2019 resulting in 3.2% growth in GDP. A high rate of consumer spending and low inflation confirms that the economy is in a strong footing for second-quarter growth.
Moreover, the Fed has decided to keep benchmark interest rate unchanged at 2.25-2.5% in 2019. The central bank will also stop quantitative tightening policy since September. A stable interest rate policy bodes well for U.S. consumers.
Additionally, a robust labor market that added 196,000 jobs for the month of March is a major catalyst for the U.S. economy. First-quarter 2019 average job gains were a solid 180,000. The unemployment rate remained at a 50-year low of 3.8%.
Our Top Picks
Strong consumer confidence data indicates that consumer spending is likely to witness robust growth in the coming months. Consequently, adding consumer discretionary stocks to your portfolio makes sense at this point.
We narrowed down our search to five such stocks, each carrying a Zacks Rank #1 (Strong Buy) and having a VGM Score of either A or B. You can see the complete list of today’s Zacks #1 Rank stocks here.
CMCSA Corp.operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The stock carries a VGM Score of B. The company has an expected earnings growth rate of 13.3% for the current year. The Zacks Consensus Estimate for the current year has improved 5.9% over the last 30 days. The stock has surged 45% year to date.
Lululemon Athletica Inc. designs, distributes, and retails athletic apparel and accessories for women, men and female youth. It carries a VGM Score of B. The company has an expected earnings growth rate of 22.7% for the current year. The Zacks Consensus Estimate for the current year has improved 7.3% over the last 60 days. The stock has surged 27.9% year to date.
G-III Apparel Group Ltd. designs, sources and markets women's and men's apparel in the United States and internationally. It carries a VGM Score of A. The company has an expected earnings growth rate of 15.4% for the current year. The Zacks Consensus Estimate for the current year has improved 5.1% over the last 60 days. The stock has surged 54.7% year to date.
IMAX Corp.operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It carries a VGM Score of B. The company has an expected earnings growth rate of 22% for the current year. The Zacks Consensus Estimate for the current year has improved 2.8% over the last 60 days. The stock has surged 29.6% year to date.
Select Interior Concepts Inc.installs and distributes interior building products for residential interior design services markets in the United States. It carries a VGM Score of B. The company has an expected earnings growth rate of 1,250% for the current year. The Zacks Consensus Estimate for the current year has improved 4.5% over the last 60 days. The stock has surged 64.8% year to date.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.