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The Zacks Analyst Blog Highlights: Koninklijke Philips, Dropbox, Cardinal Health, Enphase Energy and Chemed
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For Immediate Release
Chicago, IL – April 14, 2020 – 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: Koninklijke Philips N.V. (PHG - Free Report) , Dropbox Inc. (DBX - Free Report) , Cardinal Health Inc. (CAH - Free Report) , Enphase Energy Inc. (ENPH - Free Report) and Chemed Corp. (CHE - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Growth Stocks to Buy for the Economy Re-Opening in May
A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current projection regarding the coronavirus spread proves right. White House health advisor Dr. Anthony Fauci and U.S. Treasury Secretary Steven Mnuchin hinted at the development.
Coronavirus Impact Might be Less Than Expectation
The United States is currently leading globally in terms of both of the number of people infected with COVID 19 and death toll. However, on Apr 12, Fauci expressed cautious optimism regarding the fact that the outbreak of the deadly virus seems to be slowing down. Fauci is of the opinion that the imposition of social distancing measures has helped the United States in containing the spread of the virus to certain extent.
Although the death toll continues to go up, the curves related to hospitalization, intensive-care check-ins and intubations are gradually flattening. All these metrics are indicating that new cases are slowly decreasing. This is most prominent in New York, the country's hotspot of coronavirus pandemic.
On Mar 31, the White House estimated that the COVID 19 death toll may be somewhere between 100,000 to 240,000. However, within less than two weeks, several new studies have estimated that the actual death toll may be much less (within 50,000 to 60,000) than earlier estimated.
Market Exhibiting Positive Movement
Wall Street entered into bear market territory during Mar 9-10, ending its historic 11-year long bull run. However, it is to be noted that this bear market was not a result of any economic, financial or geopolitical factors but instead a health hazard — the coronavirus pandemic.
The bear market reached its lowest level on Mar 23 so far. Since then, the Dow and the S&P 500 have rallied 25% and 22.3%, respectively. Meanwhile, the Nasdaq Composite has surged 18.2% since Mar 23.
For the week ended Apr 9, the S&P 500 reported its best weekly performance since 1974. This was the best week for Nasdaq Composite since 2009. Meanwhile, the Dow posted its seventh best weekly gain in history. Notably, the S&P 500 and the Dow recorded more than 10% weekly gains in two of the last three weeks.
Unprecedented fiscal and monetary stimulus injected by the Trump administration and the Fed, and several major Eurozone and Asian economies have instilled investor confidence. All these positives will support the recovery process.
Our Top Picks
At this stage, it will be prudent to invest in stocks with strong growth potential with a favorable Zacks Rank. However, we have filtered our selection process by choosing only those stocks that have rallied more than 15% in the past month despite coronavirus carnage. Each of our picks sports a Zacks Rank #1 (Strong Buy) and Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Koninklijke Philips N.V. is a global health technology company operating through Diagnosis & Treatment, Connected Care and Personal Health segments. It has ramped up production of patient vital signs monitors and portable ventilators and medical consumables for non-invasive and invasive ventilation to treat coronavirus-infected patients.
The company has an expected earnings growth rate of 3.5% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 1.3% over the past 30 days. The stock price has surged 20.2% in the past month.
Dropbox Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app and upgrade to a paid subscription plan for premium features.
The company has an expected earnings growth rate of 40% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 22.8% over the past 60 days. The stock price has advanced 15.2% in the past month.
Cardinal Health Inc. operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices.
The company has an expected earnings growth rate of 1.9% for the current year (ending June 2020). The Zacks Consensus Estimate for the current-year earnings has improved 0.9% over the past 30 days. The stock price has jumped 19% in the past month.
Enphase Energy Inc. designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company has an expected earnings growth rate of 26.3% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 18.8% over the past 60 days. The stock price has appreciated 15.3% in the past month.
Chemed Corp. provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers in the United States. It operates through two segments, VITAS and Roto-Rooter.
The company has an expected earnings growth rate of 17.1% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 4.3% over the past 60 days. The stock price has climbed 23.9% in the past month.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
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.
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The Zacks Analyst Blog Highlights: Koninklijke Philips, Dropbox, Cardinal Health, Enphase Energy and Chemed
For Immediate Release
Chicago, IL – April 14, 2020 – 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: Koninklijke Philips N.V. (PHG - Free Report) , Dropbox Inc. (DBX - Free Report) , Cardinal Health Inc. (CAH - Free Report) , Enphase Energy Inc. (ENPH - Free Report) and Chemed Corp. (CHE - Free Report) .
Here are highlights from Monday’s Analyst Blog:
5 Growth Stocks to Buy for the Economy Re-Opening in May
A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current projection regarding the coronavirus spread proves right. White House health advisor Dr. Anthony Fauci and U.S. Treasury Secretary Steven Mnuchin hinted at the development.
Coronavirus Impact Might be Less Than Expectation
The United States is currently leading globally in terms of both of the number of people infected with COVID 19 and death toll. However, on Apr 12, Fauci expressed cautious optimism regarding the fact that the outbreak of the deadly virus seems to be slowing down. Fauci is of the opinion that the imposition of social distancing measures has helped the United States in containing the spread of the virus to certain extent.
Although the death toll continues to go up, the curves related to hospitalization, intensive-care check-ins and intubations are gradually flattening. All these metrics are indicating that new cases are slowly decreasing. This is most prominent in New York, the country's hotspot of coronavirus pandemic.
On Mar 31, the White House estimated that the COVID 19 death toll may be somewhere between 100,000 to 240,000. However, within less than two weeks, several new studies have estimated that the actual death toll may be much less (within 50,000 to 60,000) than earlier estimated.
Market Exhibiting Positive Movement
Wall Street entered into bear market territory during Mar 9-10, ending its historic 11-year long bull run. However, it is to be noted that this bear market was not a result of any economic, financial or geopolitical factors but instead a health hazard — the coronavirus pandemic.
The bear market reached its lowest level on Mar 23 so far. Since then, the Dow and the S&P 500 have rallied 25% and 22.3%, respectively. Meanwhile, the Nasdaq Composite has surged 18.2% since Mar 23.
For the week ended Apr 9, the S&P 500 reported its best weekly performance since 1974. This was the best week for Nasdaq Composite since 2009. Meanwhile, the Dow posted its seventh best weekly gain in history. Notably, the S&P 500 and the Dow recorded more than 10% weekly gains in two of the last three weeks.
Unprecedented fiscal and monetary stimulus injected by the Trump administration and the Fed, and several major Eurozone and Asian economies have instilled investor confidence. All these positives will support the recovery process.
Our Top Picks
At this stage, it will be prudent to invest in stocks with strong growth potential with a favorable Zacks Rank. However, we have filtered our selection process by choosing only those stocks that have rallied more than 15% in the past month despite coronavirus carnage. Each of our picks sports a Zacks Rank #1 (Strong Buy) and Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Koninklijke Philips N.V. is a global health technology company operating through Diagnosis & Treatment, Connected Care and Personal Health segments. It has ramped up production of patient vital signs monitors and portable ventilators and medical consumables for non-invasive and invasive ventilation to treat coronavirus-infected patients.
The company has an expected earnings growth rate of 3.5% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 1.3% over the past 30 days. The stock price has surged 20.2% in the past month.
Dropbox Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app and upgrade to a paid subscription plan for premium features.
The company has an expected earnings growth rate of 40% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 22.8% over the past 60 days. The stock price has advanced 15.2% in the past month.
Cardinal Health Inc. operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices.
The company has an expected earnings growth rate of 1.9% for the current year (ending June 2020). The Zacks Consensus Estimate for the current-year earnings has improved 0.9% over the past 30 days. The stock price has jumped 19% in the past month.
Enphase Energy Inc. designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company has an expected earnings growth rate of 26.3% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 18.8% over the past 60 days. The stock price has appreciated 15.3% in the past month.
Chemed Corp. provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers in the United States. It operates through two segments, VITAS and Roto-Rooter.
The company has an expected earnings growth rate of 17.1% for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 4.3% over the past 60 days. The stock price has climbed 23.9% in the past month.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.