Fox Business – Where Do We Go from These Record Highs?
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Last week, The National Association of Realtors said existing home sales were up just 0.4% with inventories being reported as the reason for a lower than expected reading. In fact, inventories across the U.S. fell 4.9%, or 25% year-on-year, to 1.74 million, which was the lowest since Dec. 1999. It seems that those lower inventories, … New Home Sales Highest in 5 Years..But
Even though Aeropostale (ARO) shares are down over 50% from where they were just 10 months ago, they still may be too expensive, especially trading at 17 times forward earnings with just a 1.60% increase in quarterly revenue compared to the same quarter a year ago (the industry average p/e is closer to 13 times … Zacks Bear of the Day: Aeropostale (ARO)
This stock might not be as much of a gamble as you think. International Gaming technology (IGT) is a Zacks Rank #2 and trades at just over 12 times forward earnings. The company has beaten the Zacks Consensus Estimates two earnings reports in a row (5 of the last 6), exceeding analysts’ expectations by an … Zacks Bull of the Day: International Gaming (IGT)
TOL | Z | RYL Existing home sales were up just 0.4% with inventories being reported as the blame. The National Association of Realtors said sales increased to a seasonally adjusted annual rate of 4.92 million (4.9 million was consensus estimate) in January from 4.9 million revised in December (December existing home sales were initially reported at 4.94 million … Existing Home sales Up On Shrinking Inventory
We made it through the election, a devastating hurricane, avoided the fiscal cliff (for now) and an uncertain Q4 earnings season. The market seems to be in a state of limbo, but still seems resilient. Stocks have now reached an inflection point and the question is where the next move will be. Even if the … Zacks Confidential – Charts vs. Fundamentals; Do they Agree?
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Consumer staple stocks don’t have to fall in the “defensive only” category, nor do they have to offer sub-par performance in a booming stock market. This is especially true if they are strong, growing brands under good management. One company that fits this description and stands out among their peers is Prestige Brands, Inc (PBH –Snapshot … Zacks Bull of the Day: Prestige Brands: (PBH)
Bull of the Day: Conn’s Inc. (CONN) – Zacks.com.
Bear of the Day: Universal Technical Institute (UTI) – Zacks.com.