One company that should be on your radar is
Gruma S.A.B. de CV
). The stock of the food product space has seen its Zacks Rank
surge over the past four weeks, moving from Hold territory to its
current position as a Strong Buy.
CONAGRA FOODS (CAG): Free Stock Analysis
GRUMA SA-ADR B (GMK): Free Stock Analysis
KRAFT FOODS GRP (KRFT): Free Stock Analysis
MONDELEZ INTL (MDLZ): Free Stock Analysis
To read this article on Zacks.com click here.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For GMK's full year
estimate, we have seen 1 estimate goes higher in the past 30
days, compared to no estimate moving lower. This trend has helped
the consensus estimate to trend higher, going from $1.35 per
share a month ago to its current level at $1.38 per share.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, GMK has seen some pretty solid
trading lately, as the company has moved higher by 10.7% in the
If Gruma can keep up this great momentum on the earnings estimate
front and continue to impress analysts, we could see more gains
ahead for this company, suggesting that you might want to put GMK
on your watch list for the future.
Other top-ranked stocks worth considering in this space include
ConAgra Foods, Inc.
Kraft Foods Group, Inc.
Mondelez International, Inc.
), each with a Zacks Rank #2 (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 >>