Zacks Investment Ideas feature highlights: Arotech, Casey's General Store, Cooper Tire, Hormel and Pilgrim's Pride
For Immediate Release
Chicago, IL- February 26, 20Array6 - Today, Zacks Investment Ideas feature highlights Features: Arotech Corp ( ARTX ), Casey's General Store ( CASY ), Cooper Tire ( CTB ), Hormel ( HRL ) and Pilgrim's Pride ( PPC ).
5 Strong Stocks in the Best Industries
It doesn't take years of expertise and a keen eye for markets to recognize the volatility we've been experiencing lately. This market is throwing itself all over the place. The last two days we've seen a market that pushed down to the depths below Array,900 and then reversed to a "rip your face off rally" that's testing the top end of the February range. All this coming on days where the news on Wall Street has been very quiet.
Maybe it was all that selling pressure to start 20Array6 that's snapping back right now. The market could be standing in and finally saying that enough's enough! Regardless of how you feel about the overall market's direction there are still plenty of areas to make money. The truth is, the system that's withstood the test of time still works.
Even in this market I'm finding a way to make money on the pops and drops. You've got to get out of your ostridge tendencies. Throwing your head in the sand and saying the market is impossible is a good way to sound like crotchety Uncle Joe. No one ever got rich being a cranky hermit afraid to invest.
I'm looking for top stocks in top industries in this market. The simple way to put that together is to look for Zacks Rank #Array (Strong Buy) and Zacks Rank #2 (Buy) stocks that are in industries in the Top Array0% of our Zacks Industry Rank. Just like the best players are on the best teams, the best stocks are in the best industries. Here I've put together a list of five gems you can profit from during this wild market.
Arotech Corp ( ARTX )
Arotech Corporation, through its subsidiaries, provides defense and security products in the United States, Israel, Saudi Arabia, Korea, Germany, Canada, the United Arab Emirates, Australia, China, Hong Kong, India, Mexico, and internationally. The company operates in two divisions, Training and Simulation, and Power Systems.
Shares of ARTX have a new lease on life following a slide that started in March 20Array5 with the stock over $5 and ended with shares dipping down to almost a buck. A slow and steady rebound has ensued along with a healthy uptick in volume. The last few days we've seen some very aggressive price action with a push towards the late December highs today. Keep a close eye on follow through tomorrow. Stops can be placed below yesterday's lows.
Casey's General Store ( CASY )
Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store name in Array4 Midwestern states, primarily Iowa, Missouri, and Illinois.
Casey's shares enjoyed a solid 20Array5 followed by a bit of a rough start to 20Array6. However, with earnings estimates continuing in a positive direction , Casey's is looking to claw back a big chunk of what it's lost to start the year. The Commodity Channel Index (CCI) has crossed over the zero line after dipping to -200 last week. That's a buy signal here with stops down below $Array04 for a nice risk vs reward scenario should shares retest the December highs.
Cooper Tire ( CTB )
Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires worldwide. The company operates in two segments, Americas Tire Operations and International Tire Operations.
Luckily for traders, Cooper Tire shares have been range bound between about $30 and $45 for much of the last twelve months. The recent run has shares leapfrogging the 2Array-day moving average, pulling back to test support, then pushing higher again towards $40. This next move higher could be the one that breaks on through those pre-existing highs.
Hormel ( HRL )
Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.
Slow and steady wins the race here with Hormel. Would you think it would be any other way with a meat products company? It's not like there's been any sort of major revolution in bologna technology recently. This is one you can buy and forget about. Earnings provided a great boost for shares, followed by a mild pullback which the stock has already begun to recover from.
Pilgrim's Pride ( PPC )
Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico.
Another solid stock in the boring business of meat products. But there's nothing boring about making money. Shares of PPC have been on a steady upwards trajectory since November 20Array5. The 2Array-day moving average down near $22.50 should provide some downside support. Volume has stayed very consistent over the last several months, helping to smooth out the ride.
The top stocks are always in the top industries. Sometimes a bad stock will do well in an industry where business is booming. Here we've found five top stocks in five of the hottest industries right now. This isn't based on some whim here, it's based on analysts' earnings estimate revisions. If they're all becoming increasingly bullish, they may be on to something.
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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.