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The Zacks Analyst Blog Highlights: Best Buy, Children's Place, Dycom Industries, Kate Spade and CBRE Group

For Immediate Release

Chicago, IL – April 05, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Best Buy Co., Inc. (NYSE: BBY Free Report ), Children's Place, Inc. (NASDAQ: PLCE Free Report ), Dycom Industries, Inc. (NYSE: DY Free Report ), Kate Spade & Company (NYSE: KATE Free Report ) and CBRE Group, Inc. (NYSE: CBG Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Tuesday’s Analyst Blog:

5 Impressive Growth Stocks to Watch in Q2

A rebounding U.S. economy, as evident from the recently released improved economic data for GDP along with a favorable Consumer Confidence Index, unemployment rate and consumer spending data have all contributed to stock market rally.

The Trump Rally has been instrumental in stock gains ever since the election. However, Trump’s failure to keep his campaign promise of revamping U.S. healthcare has put his ability to bring about tax reforms under serious doubt. Though the Federal rate hike hints at a stabilized domestic economy, which is likely to sustain momentum into 2017, it failed to meet investor expectations. In fact, they expected a more aggressive rate hike forecast.

Meanwhile, per Commerce Department, the U.S. economy expanded at an impressive rate of 2.1% in the fourth quarter, offering further evidence that the economy has entered this year on a stronger footing. Consumer spending for the said quarter was revised up to 3.5% from 3%.

Additionally, U.S. consumer confidence leaped in March to the highest level since Dec 2000 amid growing labor market optimism. Per the Conference Board, the consumer confidence index jumped to 125.6 in March from 116.1 in February, surpassing the consensus expectation of 113.

So far, the year 2017 has turned out to be a great one from the employment perspective. Employers added almost half a million jobs in the first two months of 2017, the best back-to-back performance since last summer. Not only were workers hired at a robust pace, unemployment came down and wages scaled higher. The number of people losing jobs is also at its lowest since 1973.

Major indices have done well so far in the year, with the S&P 500, the Dow Jones Industrial Average and the Nasdaq gaining 5.4%, 4.5% and 2.7%, respectively. As we move into second-quarter 2017, it's time to make some changes to your portfolio for higher returns.

Where to Focus in Q2?

Being aware of where the market stands right now makes it possible to devise strategies to book profits in the coming days. One such timeless approach is investing in growth stocks. Growth investing, as the name suggests, offers a higher growth potential to the investors compared with other stocks in the same category. A feature of growth stocks is that they prefer to utilize the retained earnings in capital growth projects to churn out new products and develop new technology rather than making a dividend payment.

Based on certain parameters, we have zeroed in on five growth stocks which are poised for impressive returns in second-quarter 2017. These stocks boast a solid Zacks Rank #1 (Strong Buy) or 2 (Buy), have a Growth Style Score of ‘A’ and a VGM Style Score of ‘A’ or ‘B.’ You can see the complete list of today’s Zacks #1 Rank stocks here.

We note that our Growth Style Score encompasses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of growth. Our research shows that stocks with Growth Style Scores of ‘A’ or ‘B’ when combined with a Zacks Rank #1 or 2 offer the best investment opportunities in the growth investing space. (You can read more about the Zacks Style Scores here >>)

5 Solid Bets

Shares of Best Buy Co., Inc. (NYSE: BBY Free Report ), a retailer of technology products, services and solutions have gained 13.8% year to date. Moreover, the stock has outperformed the Zacks categorized Retail-Consumer Electronic industry’s gain of 8.2%. The company posted an average positive earnings surprise of 27.7% in the trailing four quarters and has a long-term earnings growth rate of 10.5%. The stock has a VGM Score of “A” and flaunts a Zacks Rank #1. The company has a Growth Score of “A.”

The Children's Place, Inc. (NASDAQ:PLCE Free Report ), which operates as a children's specialty apparel retailer, has gained 17.9% year to date, while the Zacks categorized Retail-Apparel/Shoe industry has declined 10.2%. The Zacks Rank #1 stock delivered an average positive earnings surprise of 39% in the trailing four quarters. Also, it has a long-term earnings growth rate of 8%. The company has both Growth and VGM Score of “A.”

Shares of Dycom Industries, Inc. (NYSE: DY Free Report ), a specialty contracting firm operating in the telecom industry has increased 14.7% year to date, comfortably outperforming the Zacks categorized Building-Heavy construction industry’s fall of 0.7%. The company sports a Zacks Rank #1 and has posted positive earnings surprise of 17.3% in the trailing four quarters. The company has VGM Score of “B” and Growth Score of “A.”

You may also safely bet on Kate Spade & Company (NYSE: KATE Free Report ), a designer and marketer of apparel and accessories. The stock carries a Zacks Rank #2 and has a VGM Score of “A.” The company posted an average positive earnings surprise of 14.6% in the trailing four quarters and has a long-term earnings growth rate of 28.3%. So far this year, the stock has displayed a fabulous bull run on the index and has risen 14.8%, while the Zacks categorized Retail-Apparel/Shoe industry decreased 10.2%. The company has a Growth Score of “A.”

CBRE Group, Inc. (NYSE:CBG Free Report ), which operates as a commercial real estate services as well as an investment firm globally, has a Zacks Rank #2 (Buy) and VGM Score of “A.” Moreover, the company’s shares have gained 22.2% in the past six months, outperforming the Zacks categorized Real Estate Operations industry’s gain of 2.8%. The company has surpassed the Zacks Consensus Estimate of earnings in all of the trailing four quarters, with an average beat of 8.2% and also has an impressive long-term earnings growth rate of 12.5%.

So we can safely say that a sneak peek at these outperformers with solid attributes, impressive earnings history and strong future potential, could be a great picks for investors.

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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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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Best Buy Co., Inc. (BBY): Free Stock Analysis Report
 
Dycom Industries, Inc. (DY): Free Stock Analysis Report
 
Kate Spade & Company (KATE): Free Stock Analysis Report
 
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
 
CBRE Group, Inc. (CBG): Free Stock Analysis Report
 
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