Top Stock Picks for Week of JULY 23, 2021
Foot Locker, Inc. FL is a retailer of athletic shoes and apparel.Shares of Foot Locker have outpaced the industry in the past three months. Sturdy growth in the digital realm, robust brand portfolio and prudent inventory management have been aiding the stock. These factors also supported the company’s first-quarter fiscal 2021 results, wherein the top and the bottom line rose year on year. Markedly, the company’s digital business surged 43%, on a comparable basis, and contributed 25% to total sales. Management highlighted that despite significant operating challenges owing to the pandemic, the company witnessed favorable customer response for its merchandise offerings.
Among the big six, JPMorgan JPM , Bank of America BAC, Wells Fargo WFC , Citgroup C, Morgan Stanley MS and Goldman Sachs GS , which is the better buy right now? Let’s take a look at Zacks.com to see which of these stocks in the good graces of our Zacks Rank.
FedEx Corporation FDX is the leader in global express delivery services.We are also pleased with the company’s efforts to reward its shareholders even in these difficult times. Notably, its dividends have increased at a 5-year CAGR of 26%. This reflects FedEx's shareholder-friendly approach. We are also positive on FedEx's acquisition of Cargex. The buyout has strengthened FedEx's Latin American footprint. FedEx's cash position is solid. Over the past 90 days, the Zacks Consensus Estimate for FDX's full-year earnings has moved 5.66% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, FDX has moved about 16.98% on a year-to-date basis. In comparison, Transportation companies have returned an average of 6.75%. This means that FedEx is outperforming the sector as a whole this year. Investors with an interest in Transportation stocks should continue to track FDX.
Digital Turbine, Inc. APPS shares soared from around $7 last year to nearly $100 in March. The mobile app and digital advertising-focused tech firm, which has expanded through acquisitions recently, has seen its stock price fall from its highs. But Wall Street has already started to jump back in amid the tech resurgence that’s pushed the Nasdaq to records, driven by Facebook FB, Adobe ADBE , Microsoft MSFT , Tesla TSLA , Google GOOGL.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report
Bank of America Corporation (BAC): Free Stock Analysis Report
Wells Fargo & Company (WFC): Free Stock Analysis Report
JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
Morgan Stanley (MS): Free Stock Analysis Report
Citigroup Inc. (C): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Adobe Inc. (ADBE): Free Stock Analysis Report
Foot Locker, Inc. (FL): Free Stock Analysis Report
FedEx Corporation (FDX): Free Stock Analysis Report
Tesla, Inc. (TSLA): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Digital Turbine, Inc. (APPS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.