For Immediate Release
Chicago, IL - January 16, 2016 - 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 Chuy's Holdings, Inc. ( CHUY ), Mistras Group, Inc. ( MG ), MaxLinear, Inc. ( MXL ), CVR Refining, LP ( CVRR ) and Oclaro, Inc. ( OCLR ).
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Here are highlights from Thursday's Analyst Blog:
Buy-Ranked Stocks Still in the Green for 2016
The rebound in U.S. stocks has been cut short. Following yesterday's losses, all three of the major benchmarks have lost more than 7% year to date. This is in keeping with the first trading week of this year, which was the most dismal since 2011.
However, some stocks remain afloat despite the prevailing gloom. Their strong fundamentals have helped them ward off headwinds and they offer the promise of future growth. Adding these stocks to your portfolio even in such difficult times may be a prudent option.
Worst Ever Five-Day Start for Dow, S&P 500
Last week, the S&P 500 and Dow recorded their worst ever five-day start to a year. The first two declined by 6% and 6.2%, respectively, while the Nasdaq lost 7.3% during this period. Concerns about China's economy and the oil price slump were the major reasons for these record losses.
Benchmarks ended the first two trading days of this week on a relatively stronger note and were showing signs of shrugging off their troubles. However, last week's worries made a comeback yesterday. Fears that domestic growth may be affected by external concerns led to broad-based selling. Consumer discretionary stocks, whose fortunes are a good indicator of economic growth, were the hardest hit.
Earnings, Economic Resilience Key
At present, the S&P 500 and Nasdaq have entered correction territory. The Dow is perilously close to such a fate as investors seem to have discarded a buy-on-the-dip approach to a sell-the-rally strategy.
This is possibly an attempt to raise cash since they think there is more trouble in store. But the key lies with fourth quarter earnings. If earnings numbers for major stocks come in line or beat expectations, the tide could soon turn.
At the same time, the domestic economy continues to show resilience especially on the jobs front. The economy experienced 2.65 million job additions last year. This made it the best year for hiring in around 16 years.
Despite foreign economic concerns, the domestic economy continues to exhibit growth. Better-than-expected earnings data is all that the market needs for a rebound.
At the same time, it would be prudent to buy stocks which have continued to gain in difficult times. Our choices are in the green on a year-to-date basis and all these companies have minimum net capitalizations of $50 million and offer the promise of future growth. Our selection is also backed by a good Zacks Growth Score and Zacks Rank.
We narrowed down our choices with the help of our new style score system .
Our research shows that stocks with a Growth Style Score of 'A' or 'B' when combined with a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Chuy's Holdings, Inc. ( CHUY ) owns and operates full-service restaurants in the U.S. serving a distinct menu of authentic Mexican food.
Chuy's Holdings holds a Zacks Rank #2 (Buy) and has a Growth Style Score of 'A.' The stock has increased 16.3% year to date. The company has expected earnings growth of 16.2% for the current year. The earnings estimate for the current year has increased by 0.7% over the last 30 days.
Mistras Group, Inc. ( MG ) is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
Mistras Group holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The stock has increased 9.1% year to date. The company has expected earnings growth of 55% for the current year. The earnings estimate for the current year has increased by 9.9% over the last 30 days.
MaxLinear, Inc. ( MXL ) is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size and low power consumption.
MaxLinear has a Zacks Rank #1 and has a Growth Style Score of 'A.' The stock has increased 5% year to date. The company has expected earnings growth of 34.5% for the current year. The earnings estimate for the current year has increased by 7.6% over the last 30 days.
CVR Refining, LP ( CVRR ) is engaged in the refining and marketing of petroleum primarily in the U.S.
CVR Refining has a Zacks Rank #2 (Buy) and has a Growth Style Score of 'A.' The stock has increased 4.9% year to date. The company has expected earnings growth of 20% for the current year. The earnings estimate for the current year has increased by 5.8% over the last 30 days.
Oclaro, Inc. ( OCLR ) provides high performance optical components, modules and subsystems to service providers as well as to the optical transport, data center and enterprise markets.
Oclaro has a Zacks Rank #2 and has a Growth Style Score of 'A.' The stock has increased 3.2% year to date. The company has expected earnings growth of 77.5% for the current year. The earnings estimate for the current year has increased by 6.1% over the last 30 days.
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