A good way to find new stock ideas is to scroll through the Zacks Industry Rank page. From this page you can see the breakdown of 252 different industries and then drill down to the stocks in each industry.
This can help you locate industries that are trading more along the lines of value stocks (those with low forward PE and low book values) and those that have higher earnings growth rates.
One page in particular, the heat map, shows which industries have been moving up the rank over the last few weeks. That led me to the Building Products – Concrete and Aggregates group.
Moving Up The Charts
On April 15, the building products – concrete and aggregates – was #182, but over the next few weeks, the rank improved to #166, #105, #87 and last week made it to #15 where it remains for another week.
So what are the best stocks from this strong group and will they remain this strong?
There are three stocks with a Zacks Rank #1 (Strong Buy) and two stocks that have a Zacks Rank #2 (Buy). You can view the list here (here).
Top Value Stocks To Watch For 2018: Ashford Hospitality Trust Inc(AHT)
- [By Lisa Levin] Related AHT 25 Biggest Mid-Day Gainers For Friday Mid-Day Market Update: Hortonworks Drops Following Weak Results; Freshpet Shares Spike Higher Ashford Hospitality Trust's (AHT) CEO Montgomery Bennet on Q2 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related NEWS Mid-Morning Market Update: Markets Open Higher; Micron To Lower Jobs Mid-Morning Market Update: Markets Open Lower; Broadcom Profit Beats Expectations NewStar Financial's (NEWS) CEO Tim Conway on Q2 2016 Results – Earnings Call Transcript (Seeking Alpha)
Top Value Stocks To Watch For 2018: First Harvest Corp., Prior to Reverse Merger with Cannavoices, Inc. (HVST)
- [By Javier Hasse]
First Harvest Corp (OTC: HVST), acquired Cannavoices, Inc., a developer of cannabis-focused mobile games and social media platforms.
"A trend we've seen developing slowly but steadily [is one] wherenew channels are being developed to reach cannabis consumers, primarily due to limits in advertising. There is so much regulation in the space that, in such an entrepreneurial environment where there are really no incumbent leaders, people are trying to be creative and figuring out ways to reach the cannabis consumer, both as an undeserved demographic and, just one that has still got that taboo around it, [leading] to larger players not necessarily getting involved yet." "Basically, they are trying to figure out ways to reach the consumer without direct TV advertising and stuff like that.”
Related Link: Marijuana Stocks Go On Reversal Mode After 8 Weeks Of Gains: Cannabis Index Down From 52-Week High
Top Value Stocks To Watch For 2018: Oaktree Capital Group, LLC(OAK)
- [By WWW.THESTREET.COM]
Position: Long GLD small, bonds, SDS; short TLT small, SPY small .
- [By WWW.MONEYSHOW.COM]
Oaktree Capital Group (OAK) is known for its contrarian approach with many of its products concentrating on distressed assets and turnaround situations.
Top Value Stocks To Watch For 2018: Rogers Corporation(ROG)
- [By WWW.GURUFOCUS.COM]
For the details of Wintergreen Fund’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Wintergreen+Fund
These are the top 5 holdings of Wintergreen FundReynolds American Inc (RAI) – 1,643,159 shares, 24.5% of the total portfolio. Consolidated-Tomoka Land Co (CTO) – 1,232,334 shares, 15.61% of the total portfolio. British American Tobacco PLC (BATS) – 782,405 shares, 12.29% of the total portfolio. Cie Financiere Richemont SA (CFR) – 286,053 shares, 5.35% of the total portfolio. Shares reduced by 15.57%Altria Group Inc (MO) – 305,421
- [By Anders Bylund]
Shares of Rogers Corp. (NYSE:ROG) gained 19.9% in April 2017, according to data from S&P Global Market Intelligence.
The company reported first-quarter results on April 26, sending share prices nearly 12% higher the next day. Rogers saw 27% year-over-year sales growth and 79% higher earnings, leaving analyst estimates far behind in both cases.
Top Value Stocks To Watch For 2018: CIENA Corporation(CIEN)
- [By Dan Caplinger]
Wednesday was a mixed day for the stock market, with the Dow Jones Industrials falling while the Nasdaq Composite posted modest gains. Parts of the market reacted differently to conflicting news items, which included both poor performance in the energy market and signs of promise for the economy more broadly. Despite the conflict among industry sectors, some stocks got hit particularly hard, and Rite Aid (NYSE:RAD), Ciena (NYSE:CIEN), and Express (NYSE:EXPR) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Billy Duberstein]
The reasons for the price drop could be a number of things, including increased competition, notably from Ciena(NYSE: CIEN). This was noted by CEO Thomas Fallon who, in the recent conference call, noted competitors may be trying to “buy” market share:
- [By Lee Jackson]
Ciena Corp. (NYSE: CIEN) is another tech company that saw insider selling last week. The president and CEO of the optical giant, Gary Smith, sold a reported 114,318 shares at $24.67 per share. The total for the trade was set at a solid $2,820,225. Shares closed last Friday at $24.41, in a 52-week range of $15.62 to $25.19. The consensus price target is $28.36.
- [By Trey Thoelcke]
Ciena Corp. (NYSE: CIEN) will report its most recent quarterly results Thursday morning. The consensus estimates call for EPS of $0.49 and $726.84 million in revenue. Shares closed at $23.87 on Friday, in a 52-week range of $18.94 to $27.98. The consensus price target is $30.77.
- [By WWW.THESTREET.COM]
Earnings of note in the coming week include Analogic (ALOG) and Ascena Retail (ASNA) on Monday; Bojangles (BOJA) , H&R Block (HRB) , and Dick’s Sporting Goods (DKS) , Michaels (MIK) , and Urban Outfitters (URBN) on Tuesday; Ciena (CIEN) , Bankrate (RATE) , Express (EXPR) , Vera Bradley (VRA) , and Bob Evans Farms (BOBE) on Wednesday; El Pollo Loco (LOCO) , Hugo Boss (BOSSY) , Party City (PRTY) , Signet Jewelers (SIG) , and Verifone Systems (PAY) on Thursday; and Kirkland’s (KIRK) , and Vail Resorts (MTN) on Friday.
Top Value Stocks To Watch For 2018: Fitbit, Inc.(FIT)
- [By Paul Ausick]
FitBit Inc. (NYSE: FIT) dropped about 2.2% on Wednesday to post a new 52-week low of $7.48 after closing at $7.65 on Tuesday. The stock’s 52-week high is $30.96. Volume was nearly 30% below the daily average of around 10 million shares. The company had no specific news.
- [By Peter Graham]
The Q4 2016 earnings report forsmall cap fitnessdevice stockFitbit Inc (NYSE: FIT) is scheduled for after the market closes onWednesday (February 22nd). Competition in the fitness device and wearables market has made Fitbit Inc theseventh most shorted stock on the NYSE with elevated short interest of 38.92% according to Highshortinterest.com. At the end of January, Fitbit Incs CEOwarned that:
- [By Paul Ausick]
Fitbit Inc. (NYSE: FIT) lost about 2.4% Tuesday to post a new 52-week low of $8.20 after closing Monday at $8.40. The 52-week high is $34.68. Volume of around 7.1 million was about 30% below the daily average of around 1 million shares traded. The company had no specific news Tuesday.
- [By Chris Lange]
Fitbit, Inc. (NYSE: FIT) reported fourth-quarter financial results after the markets closed on Wednesday. So far year to date the stock is down about 20%, and down even further when looking at the past 52-weeks.Theres no doubt that this stock has taken a beating in this time, but are traders finally coming around and calling a bottom to this stock?
- [By Ashley Moore]
We saw it with GoPro Inc. (Nasdaq: GPRO) and Fitbit Inc. (NYSE: FIT). Both are trading about 90% below their post-IPO peak prices.
“The thought that any sane investor would buy Snapchat is frightening,” said Money Morning Capital Wave Strategist Shah Gilani. “Buying shares in SNAP is like trying to pick up nickels in front of buses.”