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GameStop, AMC Spike On Tuesday Nets $618M Loss For Short Sellers

Short sellers lost $618 million following the rally in meme stocks GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC) on Tuesday, according to data from analytics firm Ortex. read more.....»»

Category: blogSource: benzingaMay 25th, 2021

Tesla shares spike, dealing short-sellers a $1.1-billion loss

Tesla .....»»

Category: topSource: reutersAug 2nd, 2018

Tesla shares spike, dealing short-sellers a $1.7 billion loss

Tesla Inc shares soared 16 percent on Thursday, a day after the electric car maker's better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day......»»

Category: topSource: reutersAug 2nd, 2018

Apple Hospitality REIT (APLE) is a Great Momentum Stock: Should You Buy?

Does Apple Hospitality REIT (APLE) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Apple Hospitality REIT (APLE), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Apple Hospitality REIT currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for APLE that show why this hotel-owning real estate investment trust shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For APLE, shares are up 5.94% over the past week while the Zacks REIT and Equity Trust - Other industry is up 0.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.58% compares favorably with the industry's 0.34% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Apple Hospitality REIT have increased 5.34% over the past quarter, and have gained 80.29% in the last year. On the other hand, the S&P 500 has only moved 5.22% and 39.69%, respectively.Investors should also pay attention to APLE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. APLE is currently averaging 1,878,764 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with APLE.Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost APLE's consensus estimate, increasing from $0.65 to $0.80 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that APLE is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Apple Hospitality REIT on your short list. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Hospitality REIT, Inc. (APLE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 24th, 2021

Canon (CAJ) Is Up 0.37% in One Week: What You Should Know

Does Canon (CAJ) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Canon (CAJ), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Canon currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CAJ that show why this office machine company shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For CAJ, shares are up 0.37% over the past week while the Zacks Office Automation and Equipment industry is down 0.29% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.09% compares favorably with the industry's 4.09% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Canon have risen 9.11%, and are up 49.21% in the last year. In comparison, the S&P 500 has only moved 5.22% and 39.69%, respectively.Investors should also take note of CAJ's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CAJ is averaging 216,821 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CAJ.Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CAJ's consensus estimate, increasing from $1.57 to $1.84 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that CAJ is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Canon on your short list. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canon, Inc. (CAJ): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 24th, 2021

Dillard"s (DDS) is a Great Momentum Stock: Should You Buy?

Does Dillard's (DDS) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Dillard's (DDS), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Dillard's currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for DDS that show why this department store operator shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For DDS, shares are up 3.38% over the past week while the Zacks Retail - Regional Department Stores industry is up 3.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.64% compares favorably with the industry's 2.8% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Dillard's have risen 12.07%, and are up 621.11% in the last year. In comparison, the S&P 500 has only moved 5.22% and 39.69%, respectively.Investors should also take note of DDS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DDS is averaging 275,472 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DDS.Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost DDS's consensus estimate, increasing from $15.17 to $31.10 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that DDS is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Dillard's on your short list. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dillards, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 24th, 2021

Are You Looking for a Top Momentum Pick? Why Range Resources (RRC) is a Great Choice

Does Range Resources (RRC) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Range Resources (RRC), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Range Resources currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for RRC that show why this independent oil and gas company shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For RRC, shares are up 9.41% over the past week while the Zacks Oil and Gas - Exploration and Production - United States industry is up 1.46% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 43.62% compares favorably with the industry's 12.54% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Range Resources have risen 17.84%, and are up 171.13% in the last year. On the other hand, the S&P 500 has only moved 5.22% and 39.69%, respectively.Investors should also pay attention to RRC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. RRC is currently averaging 5,612,404 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with RRC.Over the past two months, 9 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost RRC's consensus estimate, increasing from $1.38 to $1.71 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been 2 downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that RRC is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Range Resources on your short list. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Range Resources Corporation (RRC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 24th, 2021

Here"s Why Momentum Investors Will Love Alexander & Baldwin Holdings, Inc. (ALEX)

Does Alexander & Baldwin Holdings, Inc. (ALEX) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Alexander & Baldwin Holdings, Inc. (ALEX), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Alexander & Baldwin Holdings, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if ALEX is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For ALEX, shares are up 0.86% over the past week while the Zacks REIT and Equity Trust - Other industry is up 0.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.46% compares favorably with the industry's 0.29% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Alexander & Baldwin Holdings, Inc. Have risen 26.53%, and are up 124.39% in the last year. On the other hand, the S&P 500 has only moved 3.92% and 34.23%, respectively.Investors should also pay attention to ALEX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ALEX is currently averaging 675,781 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with ALEX.Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost ALEX's consensus estimate, increasing from $0.68 to $0.90 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that ALEX is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Alexander & Baldwin Holdings, Inc. On your short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alexander & Baldwin Holdings, Inc. (ALEX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 23rd, 2021

Summit Hotel Properties (INN) is a Great Momentum Stock: Should You Buy?

Does Summit Hotel Properties (INN) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Summit Hotel Properties (INN), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Summit Hotel Properties currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if INN is a promising momentum pick, let's examine some Momentum Style elements to see if this real estate investment trust specializing in higher end hotels holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For INN, shares are up 5.1% over the past week while the Zacks REIT and Equity Trust - Other industry is up 0.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.69% compares favorably with the industry's 0.29% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Summit Hotel Properties have increased 5.04% over the past quarter, and have gained 99.59% in the last year. In comparison, the S&P 500 has only moved 3.92% and 34.23%, respectively.Investors should also take note of INN's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, INN is averaging 1,149,147 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with INN.Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost INN's consensus estimate, increasing from $0.14 to $0.26 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that INN is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Summit Hotel Properties on your short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Summit Hotel Properties, Inc. (INN): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 23rd, 2021

Here"s Why AutoZone (AZO) is a Great Momentum Stock to Buy

Does AutoZone (AZO) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at AutoZone (AZO), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. AutoZone currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if AZO is a promising momentum pick, let's examine some Momentum Style elements to see if this auto parts retailer holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For AZO, shares are up 2.73% over the past week while the Zacks Automotive - Retail and Wholesale - Parts industry is up 2.88% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.36% compares favorably with the industry's 4.36% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of AutoZone have risen 12.84%, and are up 49.14% in the last year. On the other hand, the S&P 500 has only moved 3.92% and 34.23%, respectively.Investors should also pay attention to AZO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AZO is currently averaging 176,826 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AZO.Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AZO's consensus estimate, increasing from $91.73 to $94.22 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that AZO is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep AutoZone on your short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 23rd, 2021

CorePoint Lodging (CPLG) is a Great Momentum Stock: Should You Buy?

Does CorePoint Lodging (CPLG) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at CorePoint Lodging (CPLG), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. CorePoint Lodging currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if CPLG is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For CPLG, shares are up 4.88% over the past week while the Zacks REIT and Equity Trust - Other industry is up 0.11% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.13% compares favorably with the industry's 0.29% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of CorePoint Lodging have increased 40.75% over the past quarter, and have gained 217.05% in the last year. In comparison, the S&P 500 has only moved 3.92% and 34.23%, respectively.Investors should also take note of CPLG's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CPLG is averaging 199,886 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with CPLG.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CPLG's consensus estimate, increasing from $0.47 to $0.99 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that CPLG is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep CorePoint Lodging on your short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CorePoint Lodging Inc. (CPLG): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 23rd, 2021

Nomura Reveals "The Flow To Know" As Markets Reverse From Selling To "Big Rally"

Nomura Reveals 'The Flow To Know' As Markets Reverse From Selling To "Big Rally" In the end, despite a generally unexpected upward shift in the FOMC dots which pushed the median 2022 dot to indicate one rate hike next year (and another 2 each in 2023 and 2024), the outcome was not nearly the "hawkish surprise" that Nomura's Charlie McElligott warned could tip the market sharply lower... or higher (especially since the market believes that the Fed will end its hiking plans well before they are fully executed, giving the Fed just 1% of breathing room). Commenting on the FOMC announcement this morning, the Nomura quant summarized it as a “low surprises” yet still incrementally more "hawkish" Fed: November taper in-line Taper length marginal surprise with goal to end mid-year, but still implies near the “expected” $10B / $5B per month reduction Where a more “hawkish” dot plot is being viewed somewhat skeptically by the market on account of “a lot of hikes in a short period of time” with 6.5 hikes by end ’24, in addition to upcoming voter / non-voter member turnover which muddles dovish / hawkish balances of voters Continued “both sides of mouth” language from Powell, yet again going out of his way to separate the “end of tapering” from the beginning of rate hikes, while noting the policy rate as still accommodative) All-in, McElligott called the announcement a “low surprise” Fed, which cleared us of “event-risk” while avoiding any sort of “(hawkish) Rate Shock,” as 10Y yields continue their chop inside the well-established range "despite obvious impacts on curves of course, as front (Reds) through belly reprices further, while long end / duration rallied and closed at best levels on the day—because ultimately, taking multple steps closer to removing accomodation ultimately means “tighter financial conditions” that will moderate the economy down the road." Indeed, one look at the 10Y year today suggests that the market is finally waking up with the 10Y surging to 1.40%, the first time since July. So with a removal of the primary catalyst for larger rate volatility, the Nomura strategist notes this also "further closes the recent (and awesome) “window for volatility expansion” within the Equities Vol complex, which opened around last week’s Op-Ex cycle turn, and brought with it incredible (and long-awaited) Vol / Stock movement (SPX -4.1% in 3 days hi / lo)." This then takes us back to a point McElligott has made repeatedly in recent days, namely the “conditioned per back-test” appearance of “reflexive vol sellers” in arresting the crescendoing US Equities selloff peaking which were cratering Monday afternoon, which materialized most notably in the form of Put sellers harvesting rich downside Vols into the accelerating drawdown, in addition to funds monetizing their actual downside hedges, both of which Nomura pointed out before created lots of Delta to buy in the process which then rallied the tape off the lows into the closing bounce However, in a notable departure from this downside Vol harvesting and hedge monetization, one small, baby-step positive development observed by Nomura is that the SPX Put Skew has come off that prior 99.9%ile “boil” and inflected  into something at least a touch less extreme, with McElligott now seeing SPX 1m Put Skew @ 96.8%ile / 3m Put Skew @ 96.9%ile, down from near record highs. Additionally, the bank continues to see more profit-taking from “long vol” positions in the VIX ETN space, with the Net (long) Vega position over the past week having decreased by 8.1mm as traders monetized into the Vol spike. Perhaps most notably, we have also witnessed saw the appearance of some rare buyers of equity upside vol yesterday into the rally, when about an hour into yesterday’s US cash session, 3 large SPY Call Spreads traded, creating ~$1 billion of Delta to buy across aggregated hedges: Buyer of 43k SPY Oct 443/452 Call Spreads for $3.89 (463M delta, 670k vega) Buyer of 32k SPY Nov 448/460 Call Spreads for $4.36 (236M delta, 635k vega) Buyer of 26k SPY Dec 31st 448/470 Call Spreads for $7.91 (263M delta, 900k vega) There were several other bullish expressions, including someone taking bullish shots in the "utterly left-for-dead" China, with FXI Jan 42 Calls bought and the sale of 7700 EEM Jan 51 Puts. Yet despite the return of such scattered bullish flows, McElligott notes that there remains much angst in the Vol space (Skew still roofed as downside demand remaining extreme), versus still “pervasive skepticism” towards broad Equities upside index / ETF / sectors / industries (Call Skew still nuked) SPX (Mega-Cap US Eq) 1m Skew 98.8%ile, 3m Skew 99.1%ile; vs no upside love, with 1m Call Skew 0.5%ile, 3m Call Skew 1.3%ile QQQ (Nasdaq / Secular Growth / Tech) 1m Skew 99.0%ile, 3m Skew 96.7%ile; while 1m Call Skew just nowhere at 0.8%ile, 3m Call Skew 4.4%ile IWM (Russell / Small Cap) 1m Skew 86.6%ile; no love for upside tho with 1m Call Skew 16.5%ile FXI (China) 1m Skew 92.8%ile, 3m Skew 82.9%ile; but still seeing negligible desire for upside with 1m Call Skew 14.5%ile FWIW, the only “upside tail” / bid to Call Skew remains parked in those “inflation sensitive” idiosycratic spots like OIH / XOP / XLE / SMH Looking at this latest flow menu, McElligott notes that the bottom line here is that "we are seeing *some* normalization in select vol metrics (e.g. term structure in SPX and QQQ, or aforementioned “off the worst” levels in extreme Put Skew)…but we continue to price-in “stress” and definitely not giving anything close to an “all clear” just yet." This dynamic matters because it will continue to “drag up” trailing realized vol which can then continue to both constrain VaR/lead to netting- and gross-down behavior as well as drive further near-term de-allocation pressure from Vol Control. Indeed, and in keeping with McElligott's recent warning that vol-control has a lot to sell here, his Vol Control model estimates a sale of $9.8B SPX futs yesterday from the universe, in aggregate bringing total selling to $20.2B over the past 2 weeks. Yet while vol-control rebalancing flows remain a bearish concern, dealer Gamma is turning increasingly favorable. To be sure, we saw the impact of the still-extreme negative Dealer Gamma vs spot across SPX SPY, QQQ and IWM in the +2% rally off the yesterday morning lows, with what McElligott dubbed “spastic” accelerant flow which required more buying the higher spot went. But now that spot is higher and billions in Delta has been added, the market is in a far more comfortable spot; indeed, the latest options positioning analytics now shows that SPX / SPY Dealers are back in a more stable “long Gamma vs spot” position ($1.8B, 33.7%ile, flips below 4371)... ...while still “short Gamma vs spot” in QQQ, but getting close to home (-$499.9mm, 2.6%ile, but flips positive above 372.16, which is mere basis points away). It is this normalization in gamma that McElligott concludes sets us up for the “stability now, big rally later”: as stocks continue to rise, the positive feedback loop emerges as the resumption of “long Gamma” stabilization from Dealers beget more overwriting/ options selling flow from the usual suspects, which in turn leads to a reversal over the next few weeks out of what has been this local “realized vol rallying up to implied” dynamic that is behind much of the recent selling. When we do, expect to see the now traditional resumption of tighter daily ranges and lower rVol. Looking out; looking out 2 weeks to 1 month is when he expects "lumpy re-allocation flows from Vol Control types" who also join the bullish fray and the slow, steady and never-ending meltup makes a triumphal return. Tyler Durden Thu, 09/23/2021 - 12:10.....»»

Category: blogSource: zerohedgeSep 23rd, 2021

September Swoon Just Getting Started: Dial In Your Buy Targets

Sell-off is unfolding and even a "lovey-dovey" Fed won't save it. In short-term trading, you know what's better than having high accuracy in your "predictions?"It's having a robust method for evaluating risk, reward, and volatility so that you can place appropriate odds, and bet sizes, on possible outcomes.I call my method "Scenarios & Probabilities," and it's served me well for over a decade in the stock market.Right now, the market is fulfilling a few of my early scenarios in the path to a bigger decline.It all started with this view from two weeks ago that I gave Zacks Ultimate members after Labor Day, and then recapped in a video and article on Sep 9...September Swoon Targets: Where to Buy the DipOn 9/14, I told my group this...Raising cash last week was definitely the right call because this slow-motion roll-over could easily turn into a big gap down one morning.And that will trap lots of longs who didn't see it coming.On 9/20, I wrote about "The Gap That Traps"...So, here we are. The SPX has now broken clean through the first support at 4370.Also recall that I said "any catalyst will do." The financial headlines are filled with "Evergrande! Evergrande! Chinese real estate contagion!"But we knew that any catalyst would do.Bounce or Pounce: Which Comes First?With a pivotal Fed meeting starting tomorrow, I can confidently say the SPX will most likely test today's low at 4305 -- and probably lower -- before it fills that gap up above 4400.How sure am I? I'd give 3 to 1 odds.In other digits, 1 chance in 4 we rally right after the Fed meeting.So that's a big fat NO to a meaningful bounce any time soon.Because that would take something extraordinary from that meeting (like a "no-taper, ZIRP-forever" kinda promise).Plus, to differentiate itself from the 4 prior bounces off the 50-day (in May, June, July, August), this plunge well through it makes this "the gap that traps."The video that accompanies this article has the chart map that explain where I'm buying the imminent dip(s).For some aggressive trading ideas, I'll tell you that I am long the ProShares UltraPro Short QQQ ETF SQQQ now and will flip out of that and into ProShares UltraPro QQQ TQQQ, the 3X bullish ETF.My first "pounce" area will be near 4200.I'm also looking at adding to my The Trade Desk TTD position and hoping to scoop some Shopify SHOP under $1,400.And Advanced Micro Devices AMD is also on my shopping list under $100. Maybe some NVDA under $200 as well.One Set-Up Leads to AnotherAny good technical trader will tell you that. As scenarios unfold, probabilities shift. Especially as volatility rises, and ranges expand to exert more stop-loss pressure and panic.So I'll also be paying close attention to how much selling accelerates, as more over-leveraged and vulnerable hedge funds are discovered in the market correction they didn't count on.A more important point of view (than pointing at Chinese real estate contagion) comes from Morgan Stanley's resident curmudgeon, Mike Wilson.Mike Wilson to the Bears' RescueAs Wilson likes to always point out, "The market and the economy are not the same thing."And he reminds us of this as the market ran ahead of the recovery and over-shot to the upside. Now with growth flattening, the market will run the other way.In his interview Monday morning on Bloomberg, he went over his "fire and ice" thesis...He's calling for a plunge of 20% in US stocks (his worst-case scenario), citing weaker growth and falling consumer confidence.In the fire outcome of his thesis (his more optimistic view), the Fed tapers to keep the economy from running too hot. This will get us a garden variety 10% correction (think SPX 4050).The more bearish “ice” scenario is where Wilson leans though as he sees the economy sharply decelerating and downward earnings revisions spike.The Wilson team wrote in their note published Monday morning...“Will it be fire or ice? We don’t know, but the ice scenario would be worse for markets and we are leaning in that direction. We think the mid-cycle transition will end with the rolling correction finally hitting the S&P 500.”I certainly didn't see a growth deceleration coming that would negatively impact earnings estimates.I just thought we would get a technical washout of 5-7% to scare everybody.So now I'm reevaluating the growth outlook too.Which means we don't need to rush and buy the first dip to SPX 4200. We'll be patient and wait until we get more information.Wilson says smart investors will probably wait until most of the Q3 report cards are in (late Oct/early Nov) to know better.I expect to know enough in 2-3 weeks, not 6.Meanwhile, even a "lovey-dovey" Fed result one hour from now won't turn me bullish in the short-term.Disclosure: I own shares of AMD, TTD, NVDA, and SQQQ for the Zacks TAZR Trader portfolio.  Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report ProShares UltraPro QQQ (TQQQ): ETF Research Reports The Trade Desk Inc. (TTD): Free Stock Analysis Report ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

UDR (UDR) is a Great Momentum Stock: Should You Buy?

Does UDR (UDR) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at UDR (UDR), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. UDR currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if UDR is a promising momentum pick, let's examine some Momentum Style elements to see if this real estate investment trust holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For UDR, shares are up 0.82% over the past week while the Zacks REIT and Equity Trust - Residential industry is down 1.06% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.28% compares favorably with the industry's 0.06% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of UDR have increased 7.78% over the past quarter, and have gained 62.31% in the last year. In comparison, the S&P 500 has only moved 3.39% and 34.28%, respectively.Investors should also pay attention to UDR's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. UDR is currently averaging 1,978,405 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with UDR.Over the past two months, 6 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost UDR's consensus estimate, increasing from $1.95 to $2.00 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that UDR is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep UDR on your short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Dominion Realty Trust, Inc. (UDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

Are You Looking for a Top Momentum Pick? Why First Cash Financial Services (FCFS) is a Great Choice

Does First Cash Financial Services (FCFS) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at First Cash Financial Services (FCFS), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. First Cash Financial Services currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if FCFS is a promising momentum pick, let's examine some Momentum Style elements to see if this pawn store holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For FCFS, shares are up 0.89% over the past week while the Zacks Financial - Consumer Loans industry is up 0.09% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 3.49% compares favorably with the industry's 0.18% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of First Cash Financial Services have increased 13.65% over the past quarter, and have gained 49.06% in the last year. On the other hand, the S&P 500 has only moved 3.39% and 34.28%, respectively.Investors should also take note of FCFS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, FCFS is averaging 162,029 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FCFS.Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FCFS's consensus estimate, increasing from $3.04 to $3.29 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that FCFS is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep First Cash Financial Services on your short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Cash, Inc. (FCFS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 22nd, 2021

What Makes Euroseas Ltd. (ESEA) a Strong Momentum Stock: Buy Now?

Does Euroseas Ltd. (ESEA) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Euroseas Ltd. (ESEA), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Euroseas Ltd. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if ESEA is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For ESEA, shares are up 17.38% over the past week while the Zacks Transportation - Shipping industry is up 0.42% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 44.83% compares favorably with the industry's 1.04% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Euroseas Ltd. Have increased 39.01% over the past quarter, and have gained 1325.32% in the last year. On the other hand, the S&P 500 has only moved 4.91% and 32.86%, respectively.Investors should also pay attention to ESEA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ESEA is currently averaging 158,110 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with ESEA.Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost ESEA's consensus estimate, increasing from $4.72 to $6.30 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that ESEA is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Euroseas Ltd. On your short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euroseas Ltd. (ESEA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

6 Inverse ETFs Gain on Broad Market Sell-Off

The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index. September, which is known as a weak month for stock markets, is turning out rocky this year too. This is especially true as Wall Street registered the largest daily loss in months on the Sep 20 trading session after three consecutive weekly declines.The S&P 500 dropped 1.7% for its worst day since May 12 while the Dow Jones Industrial Average plunged 1.8% for its biggest one-day drop since Jul 19. The Nasdaq Composite Index underperformed, plummeting 2.2% on the day led by declines in the five biggest tech titans — including Microsoft MSFT, Google-owner Alphabet GOOGL, Amazon.com AMZN, Apple AAPL, and Facebook FB. These companies collectively shed more than $500 billion since the Nasdaq 100 peaked on Sep 7.The slump came following concerns over the financial contagion of the potential failure of China’s Evergrande property group, which is under a debt burden of $150 million in bond payments later this week. Ongoing debates over the debt limit in Washington and a looming Federal Reserve policy meeting this week has made investors’ jittery.Additionally, concerns over accelerating coronavirus infections, renewed inflation fears, signs of a slowdown in China and potential for high corporate tax rates have been playing foul on the stock market lately (read: September Lull Lingers: 5 Best Inverse/Leveraged ETFs of Last Week).The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index through the use of swaps, options, future contracts and other financial instruments. Due to their compounding effect, investors can enjoy higher returns in a short period of time, provided the trend remains a friend.However, these funds run the risk of huge losses compared with the traditional ones in fluctuating or seesawing markets. Further, their performance could vary significantly from the actual performance of the underlying index over the longer period compared to a shorter period (such as, weeks or months).We have highlighted the six best leveraged inverse ETFs of the day that piled up handsome gains on the market meltdown, though these involve a great deal of risk when compared to the traditional products (see: all the Inverse Equity ETFs here).MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN NRGD – Up 11.2%NRGD offers three times inverse exposure to the Solactive MicroSectors U.S. Big Oil Index. The ETN has accumulated $20 million in its asset base. It charges 95 bps in annual fees and trades in an average daily volume of about 446,000 shares.Direxion Daily S&P Biotech Bear 3x Shares LABD – Up 10%This product seeks to deliver three times the inverse daily performance of the S&P Biotechnology Select Industry Index. The fund has amassed $67.9 million in its asset base and has an average daily volume of about 2.7 million shares. It charges investors 95 bps in annual fees and expenses (read: Tap the Red Hot Biotech Sector With These 2 Leveraged ETFs).BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN FNGD – Up 9.4%This note seeks to offer three times inverse leveraged exposure to the NYSE FANG+ Index, which is an equal-dollar weighted index targeting the highly-traded growth stocks of next-generation technology and tech-enabled companies in the technology and consumer discretionary sectors. The ETN has accumulated $53.2 million in its asset base. It charges 95 bps in annual fees and trades in an average daily volume of 5.6 million shares.MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN BNKD – Up 8.2%BNKD seeks to offer three times leveraged exposure to the Solactive MicroSectors U.S. Big Banks Index. The ETN has accumulated $5.5 million in its asset base. It charges 95 bps in annual fees and trades in an average daily volume of about 39,000 shares.Direxion Daily Semiconductor Bear 3x Shares SOXS – Up 7.5%This ETF provides three times inverse exposure to the ICE Semiconductor Index. It charges 0.95% in annual fees and trades in an average daily volume of 9.5 million shares. The fund manages $167.2 million in its asset base.Daily S&P 500 High Beta Bear 3X Shares HIBS – Up 7.2%This ETF offers three times inverse exposure of the performance of the S&P 500 High Beta Index. It has gathered $26.5 million in AUM and trades in an average daily volume of 273,000 shares. The fund charges 95 bps in fees per year from its investors (read: 5 Low-Beta ETFs to Invest in Uncertain Markets).Bottom LineWhile the strategy is highly beneficial for short-term traders, it could lead to huge losses compared with traditional funds in fluctuating markets.Still, for ETF investors, who are bearish on equities for the near term, either of the above products could make an interesting choice. Clearly, these could be attractive for those with high-risk tolerance, and a belief that the “trend is the friend” in this specific corner of the investing world. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Direxion Daily S&P Biotech Bear 3X Shares (LABD): ETF Research Reports Direxion Daily Semiconductor Bear 3X Shares (SOXS): ETF Research Reports MicroSectors FANG Index 3X Inverse Leveraged ETNs (FNGD): ETF Research Reports MicroSectors U.S. Big Banks Index 3X Inverse Leveraged ETNs (BNKD): ETF Research Reports MicroSectors U.S. Big Oil Index 3X Inverse Leveraged ETN (NRGD): ETF Research Reports Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS): ETF Research Reports To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Pros Increased "Crash" Protection As Reflexive Vol-Sellers Rescued Stocks Yesterday

Pros Increased 'Crash' Protection As Reflexive Vol-Sellers Rescued Stocks Yesterday A dramatic rebound in stocks - off the S&P's 100DMA - has prompted many commission-rakers and asset-gatherers today to call the end of the Evergrande event and signal the all-clear to new highs. So what happened? What changed? Nomura's Charlie McElligott explains that there is simply no way to overstate the power of the “reflexive vol sellers” into another spike, as this “sell the rip (in vol)” = “buy the dip (in stocks),” particularly as it related Put sellers either directionally shorting “rich” vols yday…and “long sellers” who monetized their downside hedges by the close (a lot of that being 1d SPY Puts from Retail “day traders” which doesn’t show in OI), creating $Delta to buy and again self-fulfilling yet another “turnaround Tuesday” Critically, that Delta buying in the late day was hugely important then in reducing the absolute $ of systematic deleveraging “accelerant” flows, because only closing down -170bps in SPX then meant a much more manageable -$24.7B of Vol Control de-allocation in coming days, as opposed to what would have been a much more challenging -$62.9B to digest which we estimate would have been triggered off of a “-3% close”…while similarly, Leveraged ETFs only needed to rebalance -$5.9B at EOD, as opposed to a hypothetical -$8.9B assumed at the low of the day Specifically, as SpotGamma details, the chart below shows that puts were net closed at all strikes above 4365 SPX (and 435 SPY) but there were fairly substantial positions added to lower strikes. This indicates puts were rolled rather than outright closed. Again, with the Fed tomorrow trades want to leave some protection on. Put volume surged relative to calls yesterday... To Nomura's Charlie McElligott's amazement yesterday, we saw confirmation of our repeated point made stating that “the only things that clears out all that “crash” pricing in vol metrics is a crash”... yet it is VERY worth noting then that we actually saw Skew still steepen further yday despite incredibly high levels of both ATM Vol and Skew (SPX 1m 25delta Put Call Skew steepened 70bps, same gig for others: QQQ 64bps, IWM 37bps)... ...which tells us that the Dealer “short Vol / short Skew” problem still remains lurking in background. SpotGamma concludes that its up to Powell tomorrow to set the next price move, which should be rather substantial due to the options positioning. Negative gamma could strongly influence any selling to the downside. To the upside there is also a ton of fuel for an vanna-induced move if traders sell off their puts and crush the high implied volatility levels. Therefore while today is likely about chop, the move out of Wednesday should be substantial. Tyler Durden Tue, 09/21/2021 - 09:49.....»»

Category: blogSource: zerohedgeSep 21st, 2021

Here"s Why Momentum Investors Will Love Ambarella (AMBA)

Does Ambarella (AMBA) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Ambarella (AMBA), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Ambarella currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if AMBA is a promising momentum pick, let's examine some Momentum Style elements to see if this video-compression chipmaker holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For AMBA, shares are up 1.25% over the past week while the Zacks Electronics - Semiconductors industry is down 0.73% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 57.91% compares favorably with the industry's 9.54% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Ambarella have risen 44.6%, and are up 183.18% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also pay attention to AMBA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AMBA is currently averaging 950,001 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AMBA.Over the past two months, 9 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AMBA's consensus estimate, increasing from $0.95 to $1.47 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that AMBA is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Ambarella on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ambarella, Inc. (AMBA): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Are You Looking for a Top Momentum Pick? Why Copart, Inc. (CPRT) is a Great Choice

Does Copart, Inc. (CPRT) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Copart, Inc. (CPRT), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Copart, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CPRT that show why this company shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For CPRT, shares are up 0.5% over the past week while the Zacks Auction and Valuation Services industry is down 1.06% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.84% compares favorably with the industry's 0.25% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Copart, Inc. Have risen 8.01%, and are up 38.87% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also take note of CPRT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CPRT is averaging 1,060,530 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CPRT.Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CPRT's consensus estimate, increasing from $3.87 to $3.97 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that CPRT is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Copart, Inc. On your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Copart, Inc. (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

What Makes Penske Automotive (PAG) a Strong Momentum Stock: Buy Now?

Does Penske Automotive (PAG) have what it takes to be a top stock pick for momentum investors? Let's find out. Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Penske Automotive (PAG), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Penske Automotive currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for PAG that show why this auto dealership chain shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For PAG, shares are up 8.12% over the past week while the Zacks Automotive - Retail and Whole Sales industry is up 6.34% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.24% compares favorably with the industry's 2.61% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Penske Automotive have risen 29.03%, and are up 101.48% in the last year. In comparison, the S&P 500 has only moved 5.27% and 33.53%, respectively.Investors should also pay attention to PAG's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PAG is currently averaging 358,106 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with PAG.Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PAG's consensus estimate, increasing from $10.27 to $13.37 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that PAG is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Penske Automotive on your short list. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021