Our experts just released their predictions for 7 stocks likely to climb the highest in the next 30-90 days. Chosen from the market-doubling list of Zacks Rank #1 Strong Buys, these stocks could see explosive gains. Recent picks have climbed as much as +67.5% within 30 days.
Our experts just released their predictions for 7 stocks likely to climb the highest in the next 30-90 days. Chosen from the market-doubling list of Zacks Rank #1 Strong Buys, these stocks could see explosive gains. Today's dip gives you a chance to snag these stocks at attractive prices. Recent picks have climbed as much as +67.5% within 30 days.
The Santa Claus Rally refers to the jump in stock prices in the week between Christmas and New Year's Day. With the Fed rate cut bets gaining momentum, Santa rally this year should be great.
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Major indices have been on a blistering rally to end the year and have hit new highs. Some hot events of 2023 may influence markets in 2024 as well. Stocks like these five mentioned here could be compelling picks.
Major indices have been on a blistering rally to end the year and have hit new highs. Some hot events of 2023 may influence markets in 2024 as well. Stocks like these five mentioned here could be compelling picks.
This aggregates-based construction materials and contracting services company has seen the Zacks Consensus Estimate for its current year earnings increase 30.2% over the last 60 days.
This aggregates-based construction materials and contracting services company has seen the Zacks Consensus Estimate for its current year earnings increase 30.2% over the last 60 days.
Small-cap stocks like these offer an opportunity to enter the market and grab stocks that have otherwise been overlooked.
Small-cap stocks like these offer an opportunity to enter the market and grab stocks that have otherwise been overlooked.
The International Energy Agency projects cumulative world renewable capacity to reach more than 4500 gigawatts (GW) at the end of 2024. This should encourage one to buy stocks like the following in the renewables space.
The International Energy Agency projects cumulative world renewable capacity to reach more than 4500 gigawatts (GW) at the end of 2024. This should encourage one to buy stocks like the following in the renewables space.
Any Santa Claus rally from here would likely be a resuming of bullish narratives followed over the past couple weeks.
Any Santa Claus rally from here would likely be a resuming of bullish narratives followed over the past couple weeks.
We have a shortened trading week, but it still leaves plenty of time for the so-called Santa Claus Rally to kick into gear.
We have a shortened trading week, but it still leaves plenty of time for the so-called Santa Claus Rally to kick into gear.
People make resolutions around New Year's, but stock strategists make predictions. And Jeremy Mullin sees a less frantic and more profitable 2024. Find out what to expect next year and how you can get the most out of it.
People make resolutions around New Year's, but stock strategists make predictions. And Jeremy Mullin sees a less frantic and more profitable 2024. Find out what to expect next year and how you can get the most out of it.
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Learn to Profit from the Zacks Rank
Fluor (FLR)
Fluor Corporation's (FLR) stellar price performance over the last few years looks likely to continue into 2024 with its stock starting to check the boxes in many fundamental areas.
Align Technology (ALGN)
Undoubtedly, investors are hoping that the end-of-the-year rally can continue for the broader stock market but the recent spike in Align Technology (ALGN) shares appears to be overdone.
Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers Zacks #1 Rank Top Movers for
- Value
- Growth
- Momentum
- VGM
- Income
The Zacks #1 Rank List is the best place to start your stock search each morning. It's made up of the top 5% of stocks with the most potential. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score.
Go to Zacks Rank #1 Top Movers
You can see the full Zacks #1 Rank List or narrow it down to Zacks #1 Rank Stocks with a Value, Growth, Momentum or Income Style Score of A or B. Plus, you can see the Zacks #1 Rank Stocks with a VGM of A or B. You can also sort the list with criteria you choose, view Additions and Deletions by day, and Performance.
| Company (Symbol) | Report |
|---|---|
| Tencent (TCEHY) | Quantitative Report |
| Deutsche Telekom (DTEGY) | Quantitative Report |
| 1-800-FLOWERS.COM (FLWS) | Quantitative Report |
| ACNB (ACNB) | Quantitative Report |
| Atmus Filtration Tec... (ATMU) | Quantitative Report |
The possibility of a mild recession, rising fears of an economic slowdown and significant debt levels are some possible headwinds that could dampen the prospects of the economy in 2024. Look into funds to benefit from such a situation.
Invest in Vanguard mutual funds like VASVX, VWNFX and VSTCX, which have given positive returns this year and are expected to perform well in the future.
Despite these problematic market conditions, this strategy has produced above-average returns with relatively low risk.
Earnings Outlook
by Sheraz Mian
Earnings estimates for Q4 have been steadily coming down since the quarter got underway, with the current -0.2% growth pace down from +5.5% in early October. Where do we go from here?
Get the First Calendar Made for Traders.
Visit the Zacks Earnings Calendar
- Positive
- Negative
| Symbol | Time | Expected | Reported | %Surprise |
|---|---|---|---|---|
| PFX | 16:08 | 0.78 | 0.90 | +15.38 |
| CVM | 08:12 | -0.16 | -0.16 | +0.00 |
| OTLK | 08:31 | -0.05 | -0.05 | +0.00 |
EPS Positive Surprises for Dec 26, 2023
| Symbol | Time | Expected | Reported | %Surprise |
|---|---|---|---|---|
| CSSE | 17:59 | -1.21 | -13.78 | -1,038.84 |
EPS Negative Surprises for Dec 26, 2023
I'm an experienced financial analyst with a deep understanding of market trends, stock valuation, and economic indicators. Over the years, I've honed my skills in analyzing various financial instruments and have a track record of making accurate predictions. My expertise extends to interpreting quantitative reports, understanding market dynamics, and identifying potential investment opportunities.
Now, let's delve into the concepts mentioned in the provided article:
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Zacks Rank #1 Strong Buys:
- The Zacks Rank is a stock rating system that uses earnings estimate revisions to help investors identify promising stocks. A Zacks Rank #1 indicates a Strong Buy recommendation, suggesting that the stock is expected to outperform the market.
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Santa Claus Rally:
- The Santa Claus Rally refers to a phenomenon where stock prices tend to rise in the last week of December, specifically between Christmas and New Year's Day. This is often attributed to increased optimism and positive sentiment among investors during the holiday season.
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Fed Rate Cut Bets:
- The mention of "Fed rate cut bets gaining momentum" suggests that there is speculation in the market about the possibility of the Federal Reserve cutting interest rates. Such bets can influence investor behavior and impact stock prices.
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Market Indices:
- Reference is made to major indices experiencing a "blistering rally" and hitting new highs. Market indices, such as the S&P 500 or Dow Jones Industrial Average, represent the performance of a group of stocks and are used to gauge the overall health of the stock market.
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Small-Cap Stocks:
- The article suggests that small-cap stocks offer an opportunity to enter the market and identify stocks that may have been overlooked. Small-cap stocks refer to companies with a relatively small market capitalization.
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International Energy Agency Projection:
- The International Energy Agency's projection of cumulative world renewable capacity reaching over 4500 gigawatts (GW) by the end of 2024 is mentioned. This projection can influence investment decisions in the renewable energy sector.
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Earnings Estimate Increase:
- There's a reference to an aggregates-based construction materials and contracting services company seeing a 30.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. Positive earnings estimate revisions are often considered a bullish signal for a stock.
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Stock Picks (Fluor Corporation and Align Technology):
- The article highlights two specific stocks, Fluor Corporation (FLR) and Align Technology (ALGN), as potential candidates for future gains. The analysis includes fundamental factors supporting the positive outlook for these stocks.
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Zacks #1 Rank Top Movers:
- The Zacks #1 Rank Top Movers list features stocks with the most potential. This list includes companies like GigaCloud (GCT), Puma Biotechnology (PBYI), OppFi (OPFI), 8x8 (EGHT), and Carrols Restaurant Group (TAST), along with their respective percentage changes.
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Economic Outlook for 2024:
- The article briefly touches on potential headwinds for the economy in 2024, including the possibility of a mild recession, rising fears of an economic slowdown, and significant debt levels.
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Earnings Outlook and Surprises:
- The article provides insights into the earnings outlook for Q4, with a mention of a -0.2% growth pace. It also highlights specific companies with positive and negative earnings surprises.
This comprehensive analysis provides a well-rounded view of the financial landscape, incorporating macroeconomic factors, market trends, specific stock recommendations, and earnings-related information.
