Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

The Zacks Analyst Blog Highlights: Sturm Ruger, Reading International, Manchester United and West Marine

For Immediate Release

Chicago, IL – April 10, 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 Sturm Ruger & Company Inc. (NYSE: RGR Free Report ), Reading International, Inc. (NASDAQ: RDI Free Report ), Manchester United plc (NYSE: MANU Free Report ) and West Marine, Inc. (NASDAQ: WMAR Free Report ).

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

Here are highlights from Friday’s Analyst Blog:

Leisure, Recreation Savor Growth: 4 Relaxing Stocks to Buy

With the U.S. economy firming, consumers’ confidence is burgeoning, as borne out by data released last month. Not only has the labor market strengthened consumers’ income levels have also increased. To top it all, leisure and entertainment stocks have registered strong increase over the last month.

The leisure and hospitality industry also made steady progress last month in terms of job additions and wage growth. Gradual economic growth and strong consumer spending is expected to benefit the leisure industry. All these factors should bode well for the leisure industry, which calls for investing in the same.

ADP Job Data Signals Strong Job Additions

According to payrolls processor ADP, the U.S. private sector witnessed total job additions of 263,000 last month, its highest level since Dec 2014. The top three sectors which created the maximum number of jobs are professional and business services, leisure and hospitality, and construction. Leisure and hospitality created 55,000 jobs in March, indicating that the consumer dependent industry registered strong growth during the month.

Steady job creations in this low-wage sector point to more wage-growth friendly positions. Moreover, overall job additions are expected to have a positive impact on wages. Data from ADP showed that wage increased at a modest pace of 2.5–3% year over year. Upbeat job data from ADP came as a breather for investors ahead of a much-awaited jobs report today.

US Economy Stable and Improving

According to the Bureau of Economic Analysis, growth in disposable personal income was revised up from the earlier estimate of 4% to 4.1% for the last quarter of 2016. Higher disposable income is expected to give a boost to the leisure and recreation industry. Also, consumers spending in the fourth quarter of 2016 improved by 3.5%.

The improvement in the economic scenario is also being supported by the upward movement in the GDP for the fourth quarter of 2016. GDP increased at an annualized rate of 2.1% in the fourth quarter of 2016, according to the third estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP had increased 3.5%.

Further, a record level of consumer confidence is also a clear indication of economic improvement. The Conference Board’s consumer confidence index increased from 116.1 in February to 125.6 in March, the highest level witnessed in 16 years. The associated expectations index also increased.

Our Choices

Over the last month, the PowerShares Dynamic Leisure & Entertainment (PEJ) rose 1.7%. Additionally, the leisure and entertainment sector is likely to benefit from strong job additions in the private sector, resultant increase in consumer expenditure and favourable travel trends. Currently, adding stocks from this sector to your portfolio seems to be a smart choice. At the same time, it is important to pick winning stocks.

This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.

Sturm Ruger & Company Inc. (NYSE:RGR Free Report ) is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories.

Sturm Ruger’s earnings estimate for the current year has improved by 1% over the last 60 days. Sturm Ruger has a VGM Score of And a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .

Reading International, Inc. (NASDAQ:RDI Free Report ) is engaged primarily in the ownership and management of commercial and residential property. The company has its operations in two different segments, Cinema Exhibition and Real Estate.

Reading International has a Zacks Rank #2 (Buy) and a VGM Score of B. The company has expected earnings growth of 19.6% for the current year. Its earnings estimate for the current year has improved by 12.2% over the last 30 days.

Manchester United plc (NYSE:MANU Free Report ) operates a professional sports team. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club.

Manchester United has a Zacks Rank #2 (Buy) and a VGM Score of B. Its earnings estimate for the current year has improved by 50% over the last 60 days.

West Marine, Inc. (NASDAQ:WMAR Free Report ) is the largest specialty retailer of recreational and commercial boating supplies and apparel in the United States. It has three divisions, stores, wholesale port supply and catalog.

West Marine has a Zacks Rank #2 (Buy) and a VGM Score of A. The company has expected earnings growth of 25% for the current year. Its earnings estimate for the current year has improved by 22.2% over the last 60 days.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>

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 >>.

Get the full Report on RGR - FREE

Get the full Report on RDI - FREE

Get the full Report on MANU - FREE

Get the full Report on WMAR - FREE

Follow us on Twitter:

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Re...

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/

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.


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
 
Sturm, Ruger & Company, Inc. (RGR): Free Stock Analysis Report
 
Reading International Inc (RDI): Free Stock Analysis Report
 
Manchester United Ltd. (MANU): Free Stock Analysis Report
 
West Marine, Inc. (WMAR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research