As the aggressive growth strategist for Zacks, Brian Bolan knows that any pick he makes during a downturn is not likely to be met with much fanfare. With this in mind, Brian singled out CYBR since it was not really hit hard during the September 28 sell off. While the NASDAQ was down over 3% intra-day, CYBR held its own and Brian discussed why with Terry Ruffolo. For those of you that are concerned with the very high valuation for CYBR, Brian points out that the company is expected to grow earnings while the industry average is seeing a contraction in earnings this year. Next year, CYBR is expected to grow earnings at a rate of more than 30%, and that should help lower the inflated forward PE for this stock.
The next stock that Mr. Bolan selected was Isle of Capri (ISLE). The casino names have been the beneficiary of some macro tailwinds like an improving employment market and low interest rates over the last few years. That said, consumer driven stocks are among the few bright spots that Brian currently sees. The strategist suggests that this stock, along with the other casino operators have a good chance of seeing a solid rebound when the general market turbulence subsides.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.