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Zacks Investment Ideas feature highlights: NetApp, Seagate Tech, Pure Storage, Nimble Storage and Box

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For Immediate Release

Chicago, IL - January 24, 2017 - Today, Zacks Investment Ideas feature highlights Features: NetApp (NASDAQ: NTAP - Free Report ), Seagate Tech (NASDAQ: STX - Free Report ) ,Pure Storage (NYSE: PSTG - Free Report ), Nimble Storage (NYSE: NMBL - Free Report ) and Box Inc (NYSE: BOX - Free Report ).

Strong Stocks in a Strong Sector

Sticking with what works has been a personal investing theme of mine. Basically the idea is to look for stocks in strong sectors that have been moving higher. Select the ones that continue to look to be moving higher and let your winners ride.

This is a sort of "top down" style move, but I find that it works very well. The first step is to look at the Zacks Industry Rank and look towards the top. This week saw little movement at the very top with Metal Products - Fasteners staying at the very top and then seven other industries tied for second.

I moved down to #14 on the list as we have seen lots of articles about banks and semiconductors of late. The sector I am looking at is Computer- Storage Devices and there are 10 stocks in that group.

#1's First

Now that I have my pool of candidates, I switch to the Zack Rank to help me select the best picks. The Zacks Rank lets me know which stocks in the industry have seen positive earnings estimate revisions. For a fundamental investor such as myself, I know that earnings are a key driver for stock prices.

The industry has three stocks with a Zacks Rank #1 (Strong Buy) rating.

NetApp (NASDAQ: NTAP - Free Report )

Seagate Tech (NASDAQ: STX - Free Report )

One #2

There is one stock with a Zacks Rank #2 (Buy) rating.

Pure Storage (NYSE: PSTG - Free Report )

Two Others To Watch

One of the stocks in this sector is Nimble Storage (NYSE: NMBL - Free Report ) and it has a Zacks Rank #3 (Hold). Most of the stocks that Zacks ranks are #3's but this one stands out a little to me. There is a 60 day window during which estimate revisions can impact the Zacks Rank and time is running out (or has run out) for 3 positive revisions to 2017 and 2 positive revisions to 2018.

The other stock to watch that isn't listed as part of this sector, but instead is part of the Internet - Software sector is Box Inc (NYSE: BOX - Free Report ). The stock hold a Zacks Rank #2 (Buy) and has been close to or making new 52 week highs of late.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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NetApp, Inc. (NTAP): Free Stock Analysis Report

Seagate Technology PLC (STX): Free Stock Analysis Report

Pure Storage, Inc. (PSTG): Free Stock Analysis Report

Nimble Storage, Inc. (NMBL): Free Stock Analysis Report

Box, Inc. (BOX): 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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