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GreenSky (GSKY) shares soared 53.2% in the trading session on Sep 15 to close at $11.90. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 2.5% loss over the past four weeks.

This increased investor optimism can be attributed to the news of its merger with Goldman Sachs (GS) for $12.11 per share, representing a transaction value of $2.24 billion.

Price and Consensus

This financial technology company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +333.3%. Revenues are expected to be $142.72 million, up 0.5% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For GreenSky, the consensus EPS estimate for the quarter has been revised 26.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. However, as the stock is already near the offer price for its acquisition, the possibility of a price appreciation down the road is slim.

The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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GreenSky, Inc. (GSKY): Free Stock Analysis Report
 
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Ark Invest’s Cathie Wood, who has a huge-fan following in the investment world for her stock picking skills, has again emphasized on her prediction that a slowdown in the economic growth in the United States will provide strength to growth stocks. In this regard, she said that “We do believe that the market will start rotating back toward growth and innovation,” per a Reuters article.

Wood believes that the sluggish August jobs report and weakening consumer price index figures signal that the US economy might grow at a slower pace than the projected figure by market analysts at the beginning of 2021 (according to a Reuters article). Cathie Wood’s portfolio holds some growth stocks like Tesla TSLA, Teladoc Health TDOC and Unity Software U and has lost about 5.5% year to date.

There are still certain bright spots in the investing world that can help stimulate a market rally. President Joe Biden has outlined a very effective plan to increase the vaccination rate and control the outbreak. He has made it mandatory for federal employees to get the COVID-19 vaccination, per a CNBC article. The Biden government will also issue guidelines to the Labor Department for imposing vaccine mandates for employers with more than 100 employees or run weekly tests.

In this regard, Fundstrat’s Tom Lee has noted that “Ultimately, we see stocks finishing September strongly. Delta variant organically looks to be slowing… White House plan really brings hammer to containing COVID-19,” as mentioned in a CNBC article.

New data from the CDC reflects that the seven-day average of new COVID-19 cases through Sep 10 came in at around 136,000, down from 157,000 average new cases at August-end, according to a CNBC article.

The latest ISM Manufacturing Purchasing Managers’ Index (PMI) data for the United States is painting a rosy picture for the industrial sector. The metric rose to 59.9 in August from 59.5 in July and surpassed forecasts of 58.6, per a Reuters article. Any reading above 50% indicates expansion in U.S. manufacturing activities. Notably, the manufacturing sector, which makes up 11.9% of the U.S. economy, saw the reading witnessingthe 15th consecutive month of growth.

Growth ETFs to Ride the Tide

Investors seeking to capitalize on the strong trends should consider growth ETFs. However, it is worth noting that these funds offer exposure to stocks with growth characteristics that have comparatively higher P/B, P/S and P/E ratios and exhibit a higher degree of volatility when compared to value stocks. Below, we highlight a few growth ETFs that could be added to the portfolio.

Invesco Dynamic Large Cap Growth ETF PWB

The fund is based on the Dynamic Large Cap Growth Intellidex Index. It charges an expense ratio of 0.56%. PWB carries a Zacks ETF Rank #2 (Buy), with a Medium-risk outlook (read: Growth ETFs Looking Great After an Impressive August).

SPDR Portfolio S&P 500 Growth ETF SPYG

The fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index. It charges an expense ratio of 0.04%. SPYG carries a Zacks ETF Rank #2, with a Medium-risk outlook (read: Top ETF Stories of August).

iShares S&P 500 Growth ETF IVW

The fund provides exposure to large U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. It charges an expense ratio of 0.18%. IVW carries a Zacks ETF Rank #2, with a Medium-risk outlook.

Schwab U.S. Large-Cap Growth ETF SCHG

The fund’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It charges an expense ratio of 0.04%. SCHG carries a Zacks ETF Rank #2, with a Medium-risk outlook (read: Tap the Current Market Momentum With These ETF Strategies).

Vanguard S&P 500 Growth ETF VOOG

The fund seeks to track the performance of the S&P 500 Growth Index. It charges an expense ratio of 0.10%. VOOG carries a Zacks ETF Rank #2, with a Medium-risk outlook.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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Tesla, Inc. (TSLA): Free Stock Analysis Report
 
Teladoc Health, Inc. (TDOC): Free Stock Analysis Report
 
Invesco Dynamic Large Cap Growth ETF (PWB): ETF Research Reports
 
Schwab U.S. LargeCap Growth ETF (SCHG): ETF Research Reports
 
iShares S&P 500 Growth ETF (IVW): ETF Research Reports
 
SPDR Portfolio S&P 500 Growth ETF (SPYG): ETF Research Reports
 
Vanguard S&P 500 Growth ETF (VOOG): ETF Research Reports
 
Unity Software Inc. (U): Free Stock Analysis Report
 
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Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Walgreens Boots Alliance (WBA) closed at $49.94 in the latest trading session, marking a -0.36% move from the prior day. This change lagged the S&P 500’s 0.16% loss on the day.

Coming into today, shares of the largest U.S. drugstore chain had gained 2.24% in the past month. In that same time, the Retail-Wholesale sector lost 0.05%, while the S&P 500 gained 0.46%.

Investors will be hoping for strength from WBA as it approaches its next earnings release. The company is expected to report EPS of $1.01, down 0.98% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $33.18 billion, down 4.49% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for WBA. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.71% lower. WBA is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, WBA currently has a Forward P/E ratio of 9.81. Its industry sports an average Forward P/E of 9.81, so we one might conclude that WBA is trading at a no noticeable deviation comparatively.

Investors should also note that WBA has a PEG ratio of 1.43 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. Retail – Pharmacies and Drug Stores stocks are, on average, holding a PEG ratio of 1.57 based on yesterday’s closing prices.

The Retail – Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 121, putting it in the top 48% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Walgreens Boots Alliance, Inc. (WBA): Free Stock Analysis Report
 
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You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Weyerhaeuser (WY) closed at $35.69 in the latest trading session, marking a +1.86% move from the prior day. This change outpaced the S&P 500’s 0.16% loss on the day.

Coming into today, shares of the timber and paper products company had gained 3.67% in the past month. In that same time, the Construction sector lost 3.05%, while the S&P 500 gained 0.46%.

Investors will be hoping for strength from WY as it approaches its next earnings release. The company is expected to report EPS of $0.69, up 32.69% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.36 billion, up 11.61% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.37 per share and revenue of $10.11 billion, which would represent changes of +161.24% and +34.19%, respectively, from the prior year.

Any recent changes to analyst estimates for WY should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.32% lower. WY currently has a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that WY has a Forward P/E ratio of 10.4 right now. This represents a discount compared to its industry’s average Forward P/E of 12.69.

The Building Products – Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow WY in the coming trading sessions, be sure to utilize Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Weyerhaeuser Company (WY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

In the latest trading session, Snap (SNAP) closed at $72.48, marking a -1.55% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%.

Prior to today’s trading, shares of the company behind Snapchat had gained 2.31% over the past month. This has lagged the Computer and Technology sector’s gain of 2.75% and outpaced the S&P 500’s gain of 0.46% in that time.

SNAP will be looking to display strength as it nears its next earnings release. In that report, analysts expect SNAP to post earnings of $0.06 per share. This would mark year-over-year growth of 500%. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 59.98% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.34 per share and revenue of $4.21 billion. These totals would mark changes of +666.67% and +67.96%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for SNAP. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SNAP is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that SNAP has a Forward P/E ratio of 216.53 right now. This represents a premium compared to its industry’s average Forward P/E of 59.76.

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 204, putting it in the bottom 20% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Snap Inc. (SNAP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

In the latest trading session, Tilray, Inc. (TLRY) closed at $12.01, marking a -0.17% move from the previous day. This move lagged the S&P 500’s daily loss of 0.16%.

Coming into today, shares of the company had lost 9.28% in the past month. In that same time, the Medical sector lost 0.24%, while the S&P 500 gained 0.46%.

Wall Street will be looking for positivity from TLRY as it approaches its next earnings report date.

TLRY’s full-year Zacks Consensus Estimates are calling for earnings of -$0.14 per share and revenue of $785.29 million. These results would represent year-over-year changes of +69.57% and +166.34%, respectively.

Investors might also notice recent changes to analyst estimates for TLRY. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TLRY is currently sporting a Zacks Rank of #3 (Hold).

The Medical – Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 23% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Tilray, Inc. (TLRY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

USA Truck (USAK) closed at $14.21 in the latest trading session, marking a -0.56% move from the prior day. This change lagged the S&P 500’s daily loss of 0.16%.

Prior to today’s trading, shares of the truckload carrier had gained 5.15% over the past month. This has outpaced the Transportation sector’s loss of 1.79% and the S&P 500’s gain of 0.46% in that time.

Investors will be hoping for strength from USAK as it approaches its next earnings release. The company is expected to report EPS of $0.51, up 75.86% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for USAK. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.33% lower. USAK is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that USAK has a Forward P/E ratio of 6.8 right now. This represents a discount compared to its industry’s average Forward P/E of 16.17.

The Transportation – Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 38, putting it in the top 15% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow USAK in the coming trading sessions, be sure to utilize Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
USA Truck, Inc. (USAK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

In the latest trading session, Suncor Energy (SU) closed at $19.57, marking a -0.25% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%.

Prior to today’s trading, shares of the energy company had gained 9.06% over the past month. This has outpaced the Oils-Energy sector’s gain of 3.37% and the S&P 500’s gain of 0.46% in that time.

SU will be looking to display strength as it nears its next earnings release. In that report, analysts expect SU to post earnings of $0.55 per share. This would mark year-over-year growth of 266.67%. Meanwhile, our latest consensus estimate is calling for revenue of $8.95 billion, up 84.74% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.89 per share and revenue of $32.15 billion. These totals would mark changes of +271.82% and +71.47%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for SU. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.5% lower. SU is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that SU has a Forward P/E ratio of 10.38 right now. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 10.38.

We can also see that SU currently has a PEG ratio of 3.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Oil and Gas – Integrated – Canadian was holding an average PEG ratio of 3.46 at yesterday’s closing price.

The Oil and Gas – Integrated – Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Suncor Energy Inc. (SU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

In the latest trading session, Olin (OLN) closed at $48.82, marking a -1.87% move from the previous day. This change lagged the S&P 500’s daily loss of 0.16%.

Prior to today’s trading, shares of the chlor-alkali and ammunition producer’had gained 9.51% over the past month. This has outpaced the Basic Materials sector’s loss of 4.55% and the S&P 500’s gain of 0.46% in that time.

Wall Street will be looking for positivity from OLN as it approaches its next earnings report date. In that report, analysts expect OLN to post earnings of $2.01 per share. This would mark year-over-year growth of 1105%. Our most recent consensus estimate is calling for quarterly revenue of $2.29 billion, up 59.59% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.28 per share and revenue of $8.42 billion. These totals would mark changes of +639.26% and +46.22%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for OLN. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.79% higher. OLN is holding a Zacks Rank of #2 (Buy) right now.

Looking at its valuation, OLN is holding a Forward P/E ratio of 6.83. For comparison, its industry has an average Forward P/E of 12.16, which means OLN is trading at a discount to the group.

Meanwhile, OLN’s PEG ratio is currently 0.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Chemical – Diversified industry currently had an average PEG ratio of 0.99 as of yesterday’s close.

The Chemical – Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow OLN in the coming trading sessions, be sure to utilize Zacks.com.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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
 
Olin Corporation (OLN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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Wall Street has surprised with rallies despite rising Delta variant cases. Investors are however on the edge considering certain factors that might impact the current investing environment. Factors like surging Delta variant cases and the Federal Reserve meeting where it might announce plans to taper bond purchases are also raising worries. U.S. consumers also seem worried about the sustainability of economic recovery from the pandemic-led slump, rising Delta variant threat and increasing inflation levels.

Intensifying investors’ concerns further, September is historically considered the worst-performing month for Wall Street. Analysts expect a market correction in September. According to the LPL Financial data published in a Yahoo Finance article, the S&P 500 has fallen about 1%, on average, in September since 1950. Certain recent economic data releases also turned out to be very disappointing. The U.S. economy added only 235,000 jobs in August 2021 (the lowest in seven months).

Meanwhile, the FDA granting the first full U.S. approval to Pfizer (PFE)/BioNTech’s (BNTX) coronavirus vaccine, Comirnaty (BNT162b), has also boosted investors’ confidence. The full FDA approval is expected to increase the confidence for imposing vaccine mandates. Also, the unvaccinated population is now more likely to opt for vaccinations.

Considering the mixed sentiments, mid-cap funds are gaining increased attention as they provide both growth and stability in comparison to the small-cap and large-cap counterparts. As such, investors seeking to capitalize on the strong fundamentals but worried about uncertainty should consider mid-cap ETFs. Here, we have presented five popular mid-cap ETFs like Vanguard Mid-Cap ETF VO, SPDR S&P MIDCAP 400 ETF Trust MDY, iShares Russell Mid-Cap Value ETF IWS, Vanguard Mid-Cap Growth ETF VOT and Schwab U.S. Mid-Cap ETF SCHM.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.

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SPDR S&P MidCap 400 ETF (MDY): ETF Research Reports
 
Schwab U.S. MidCap ETF (SCHM): ETF Research Reports
 
iShares Russell MidCap Value ETF (IWS): ETF Research Reports
 
Vanguard MidCap Growth ETF (VOT): ETF Research Reports
 
Vanguard MidCap ETF (VO): ETF Research Reports
 
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Zacks Investment Research