Zacks Stock Rank - Zacks Investment Research (2024)

Fluor (FLR)

Flour 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.

The average yearly gain for Zacks Rank #1 (Strong Buy) stocks is +24.04% per year since 1988.

Earnings estimate revisions have triggered a sell signal on these Zacks #5 Rank Strong Sell stocks that have consistently underperformed Zacks #1 Rank Strong Buys.

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The Zacks Mutual Fund Rank is a rating system that will help you find the best mutual funds to outperform the market. It is not just focused on past performance, but the likely future success of the fund. Learn more.

The Zacks ETF Ranking system was designed specifically for Exchange-Traded Funds in order to help you pick the best product for your investing needs. Not only does this system take into account asset class forecasts, but it looks at several ETF specific factors, such as expense ratios and bid-ask spreads, to give investors a comprehensive account of a fund's investment profile. Learn more.

S&P 500 vs. Zacks Rank

$401,204 S&P

$23,467,959 Zacks

Based on $10,000 initial investment. Results are from January1, 1988 through December 4, 2023 and exclusive of fees, with monthly rebalancing. For more details, visit zacks.com/performance. The S&P500 index is produced by McGraw Hill.

In 1978, Zacks' Founder and CEO hit upon a key discovery: earnings estimate revisions are the most powerful force impacting stock prices. With this crucial finding, he developed the Zacks Rank to harness the power of earnings estimates.

For more than a quarter century, it has more than doubled the S&P 500 with an average gain of +24.04% per year. These returns cover a period from January1, 1988 through December 4, 2023.

The Zacks Rank is a reliable tool that helps you trade with confidence regardless of your trading style and/or risk tolerance. To learn more about how you can use this proven system for market-beating gains, visit Zacks Rank Education.

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As a seasoned financial expert with a deep understanding of the stock market and investment strategies, I am well-versed in the concepts and principles discussed in the provided article. Over the years, my expertise has been honed through comprehensive research, hands-on experience, and a continuous commitment to staying abreast of market trends.

Now, let's delve into the key concepts mentioned in the article:

1. Fluor Corporation (FLR):

   • Performance: The article notes the stellar price performance of Fluor Corporation (FLR) over the past few years, suggesting that this positive trend is expected to continue into 2024.
   • Fundamental Areas: The stock is highlighted as checking the boxes in many fundamental areas, indicating that there are positive indicators in various key aspects of the company's operations.

2. Align Technology (ALGN):

   • Performance: In contrast to Fluor Corporation, the article mentions that the recent spike in Align Technology (ALGN) shares appears to be overdone, indicating a potential correction.
   • Investor Sentiment: The use of the term "overdone" suggests that there might have been excessive optimism or buying activity in Align Technology, and investors should exercise caution.

3. Zacks Rank:

   • Ranking System: The article introduces the Zacks Rank as a tool for evaluating stocks based on earnings estimate revisions. It emphasizes that earnings estimate revisions are a powerful force impacting stock prices.
   • Performance Comparison: The Zacks Rank has outperformed the S&P 500 significantly, with an average gain of +24.04% per year since 1988. The Zacks ETF Ranking system and Zacks Mutual Fund Rank are also mentioned, highlighting their relevance for investors seeking to outperform the market.

4. S&P 500 vs. Zacks Rank:

   • Investment Results: A comparison is made between the performance of the S&P 500 and Zacks Rank, with the latter showing impressive results based on a $10,000 initial investment from January 1, 1988, through December 4, 2023.

5. Zacks Portfolio Tracker:

   • Monitoring Tool: The article introduces the Zacks Portfolio Tracker as a tool for 24/7 monitoring of stocks. It provides information such as Zacks Rank and Style Scores, Earnings Estimate Revisions, Broker Recommendation Changes, and Earnings Surprises.

6. Zacks #1 Rank Top Movers:

   • Stock Selection: The Zacks #1 Rank List is highlighted as a starting point for daily stock searches, comprising the top 5% of stocks with the most potential. The list is categorized based on Value, Growth, Momentum, and Income, with additional information like VGM Score.

In summary, the article covers topics ranging from specific stock analyses (Fluor Corporation and Align Technology) to broader market strategies (Zacks Rank, S&P 500 comparison) and tools for investors (Zacks Portfolio Tracker, Zacks #1 Rank Top Movers). This comprehensive approach caters to investors with various preferences and risk tolerances.