The Interpublic Group of Companies, Inc.IPG was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $20.77 to $22.22 in the past one month time frame.
The move came after the company reported better than expected fourth-quarter 2017 results, dividend hike and share repurchase program.
The company has seen two negative estimate revisions in the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Interpublic currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Interpublic Group of Companies, Inc. (The) Price
Another stock worth considering in the Business Services sector is ABM Industries Incorporated ABM which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.