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The Zacks Analyst Blog Highlights: Tableau Software, World Wrestling Entertainment and NRG Energy


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For Immediate Release

Chicago, IL - May 4, 2018 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Tableau Software Inc. DATA , World Wrestling Entertainment, Inc. WWE and NRG Energy, Inc. NRG .

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Thursday's Analyst Blog:

3 Stocks Touching 52-Week Highs as Trade Talks Loom

Stocks opened lower on Thursday as a U.S. delegation led by Treasury Secretary Steven Mnuchin arrived in Beijing to meet with Chinese officials about tariffs and trade. Investors around the world will be focused intently on these discussions, with many hoping that both sides can reach a compromise that would avoid a tit-for-tat trade war.

Through just one hour of regular trading Thursday, the Dow had shed about 250 points, or nearly 1.1%. The S&P 500 was down a similar amount, dipping about 1.0%, or 26 points. Meanwhile, the tech-heavy Nasdaq fared slightly better, dropping just 0.9% to 7,035.73.

Of course, not every stock was suffering on Thursday morning, and in some cases, strong earnings results were enough to outweigh concerns that talks between the U.S. and China may not ease trade war tensions.

Looking for stocks that are breaking higher amid market-wide volatility? Check out these three stocks that just touched 52-week highs this morning!

1.       Tableau Software Inc.

Tableau shares surged to touch a new 52-week high of $97.09 during early trading hours after the company reported its latest quarterly financial results on Wednesday afternoon. Shares of the software company had already started moving higher ahead of the report, gaining about 5.5% in the prior month.

Investors pushed DATA higher after the firm posted quarterly revenue of $224 million, topping our consensus estimate of $217.46 million and improving 12% year over year. Tableau also added 3,900 new customers in the quarter, and its board approved a $300 million share repurchase program.

DATA is currently sporting a Zacks Rank #3 (Hold).

2.       World Wrestling Entertainment, Inc.

Shares of World Wrestling Entertainment gained more than 3.5% and reaching a new all-time high of $41.58 in morning trading today. The sports entertainment giant filed its first quarter fiscal 2018 earnings report on Thursday morning, and investors clearly liked what they saw.

WWE posted adjusted earnings of 18 cents per share, cruising past the Zacks Consensus Estimate of 13 cents and growing 125% from the prior-year period. The company also raised its full-year guidance for adjusted OIBDA to $150 million from $145 million.

WWE is now holding a Zacks Rank #2 (Buy).

3.       NRG Energy, Inc.

NRG Energy was another stock surging in the wake of solid earnings results, adding more than 6.3% in morning trading to touch a new 52-week high of $32.26 per share. The energy company posted revenue of $2.42 billion in its latest quarter, beating our consensus estimate of $2.23 billion and improving 1.6% from the year-ago period.

More notably, NRG posted adjusted earnings of 87 cents per share, crushing the Zacks Consensus Estimate which called for break-even earnings. Adjusted EBITDA in the first quarter was $549 million compared with $385 million in the prior-year period.

NRG is a Zacks Rank #1 (Strong Buy).

Want more market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.


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

NRG Energy, Inc. (NRG): Free Stock Analysis Report

Tableau Software, Inc. (DATA): Free Stock Analysis Report

World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report

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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 , Stocks
Referenced Symbols: NRG , DATA , WWE



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