Watsco (WSO) Soars: Stock Rises 5.4% - Tale of the Tape

Comment

Shutterstock photo

Watsco Inc. ( WSO ) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $96.93 to $100.41 in the past one-month timeframe.

In the last 30-day frame, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's rally can turn into more strength down the road.

Watsco currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other well-performing stocks in the construction sector include Vulcan Materials Company ( VMC ), MasTec, Inc. ( MTZ ) and William Lyon Homes ( WLH ). All three sport a Zacks Rank #1 (Strong Buy).

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 >>


MASTEC INC (MTZ): Free Stock Analysis Report

VULCAN MATLS CO (VMC): Free Stock Analysis Report

WILLIAM LYON HM (WLH): Get Free Report

WATSCO INC (WSO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: MTZ , VMC , WLH , WSO


More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com