For immediate release
Chicago, IL – July 19, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: AMN Healthcare Services, Inc. AMN, The Boeing Co. BA, The Clorox Company CLX, Novo Nordisk A/S NVO and Costco Wholesale Corp. COST.
Here are the highlights from Monday’s analyst blog:
Beat the market with the Zacks method: 5 best stocks
The three most followed indexes posted a losing week despite gains on Friday. The S&P 500 lost 0.9% for the week, while the Dow Jones Industrial Average and the tech-heavy Nasdaq ended down 0.2% and 1.6% respectively.
Markets fell throughout the week on fears of a 100 basis point hike in interest rates at the next Fed meeting, which could push the economy into recession. High inflation for several decades and the disappointing results of the big banks make the outlook for the market gloomy. Friday’s rebound, however, came on the back of strong data on consumer sentiment, retail sales figures and assurances from the Fed that it is only considering a 75 basis point hike this this month.
Regardless of market conditions, we at Zacks provide investors with unbiased advice on how to beat the market.
Zacks Research guided investors last week with its proven methodologies, as usual. Given the uncertainty in the market, you might want to check out our exploits to better prepare for your next move.
Here are some of our key achievements from the past week:
AMN Healthcare Services, Inc. Stock Gains on Zacks Ranking Upgrade
Shares of AMN Healthcare Services, Inc. gained 3.8% since being upgraded to Zacks rank #1 (Strong Buy) on July 9. The rating upgrade was driven primarily by an upward trend in earnings estimates, one of the most powerful forces impacting stock prices. The evolution of a company’s earnings is at the heart of the Zacks rating.
For AMN, the current year EPS consensus estimate of $10.41 has been revised up 2.8% in the past two months.
Rising earnings estimates and the consequent Zacks Rank upgrade for AMN imply an improvement in the company’s underlying business. And investors began to show their appreciation for this improving trading trend by pushing the stock higher.
The Zacks Rank stock rating system, which uses four factors tied to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive track record. externally audited record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988. You can see the full list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>
View AMN Healthcare’s EPS History and Sales Here>>>
Zacks Focus List Model Portfolio Stock The Boeing Company Soars
Shares of The Boeing Company., which is on the Zacks Focus List, jumped 6.2% over the past week. The Zacks Focus List is a model portfolio of 50 handpicked stocks that have the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are selected from a long list of stocks with the highest Zacks rank.
Boeing was added to the Focus list on March 23, 2020, at $95.01 per share. The stock has gained 55.5% since then to close the last trading session at $147.74.
Since its inception on February 1, 1996, the Focus List portfolio has generated an annualized return of +12.9%.
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Zacks ECAP Stock Clorox Provides Strong Gains
The Clorox Company, a component of our Earnings Certain Admiral Portfolio (ECAP), jumped 5.2% last week. ECAP is a model portfolio of 30 concentrated, ultra-defensive and long-term Buy and Hold stocks.
With little or no turnover and an annual rebalancing frequency, ECAP seeks to minimize capital losses by holding shares of companies whose earnings streams have a proven track record of more than 20 years of surviving periods. recession with minimal impact on overall earnings growth relative to the broader S&P 500. .
As for last week’s returns, Novo Nordisk A/S and Costco Wholesale Corp. followed Clorox with gains of 4.8% and 4.3%, respectively.
ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution for accessing Zacks’ award-winning stock, mutual fund, and ETF research. Click here to schedule a demo.
Click here to access this portfolio on Zacks Advisor Tools.
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Zacks Investment Research
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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.
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The Boeing Company (BA): Free Inventory Analysis Report
Novo Nordisk AS (NVO): Free Stock Analysis Report
The Clorox Company (CLX): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Inventory Analysis Report
AMN Healthcare Services Inc (AMN): Free Inventory Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.