Beat the Market the Zacks Way: Fiserv, Hormel Foods, Modine Manufacturing in Focus

Zacks04-08

Major U.S. indexes ended in red last week, as investors have adopted a cautious approach before the vital Consumer Price Index (CPI) data to be released on Apr 10, 2024, by the U.S. Bureau of Labor ...

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The CPI is one of the key factors for the Federal Reserve’s policy rate decisions ahead. The Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq Composite lost 1.7%, 0.8% and 0.9%, respectively.The U.S. economy continues to show strength as the GDP growth for fourth-quarter 2023 was recorded at 3.4%, ahead of the consensus estimate of 3.2%. The Purchasing Managers’ Index  report for the month of March, published by the Institute of Supply Management, came in at 51.4% against 52.6% in February. Notably, any reading above 50% indicates expansion in services activities.The Department of Labor reported that for the week ended Mar 30, initial claims increased by 9,000 to 221,000, higher than the consensus estimate of 213,000. The U.S. trade deficit for goods and services in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","SPXU":"三倍做空标普500ETF","BK4595":"比特币概念","FRPT":"Freshpet","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4524":"宅经济概念","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","MU":"美光科技","LU0861579265.USD":"联博低波幅策略股票基金A","VITL":"Vital Farms, Inc.","BK4527":"明星科技股","SPY":"标普500ETF","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","MOD":"摩丁制造","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","HRL":"荷美尔","GIS":"通用磨坊","PPC":"Pilgrim’s Pride Corporation","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","CPI":"IQ Real Return ETF","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","FDN":"First Trust Dow Jones Internet I","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","OEF":"标普100指数ETF-iShares","BK4504":"桥水持仓","SH":"标普500反向ETF","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","DIS":"迪士尼","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","ECDP":"Eco Depot, Inc.","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","OEX":"标普100",".SPX":"S&P 500 Index","IVV":"标普500指数ETF","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4528":"SaaS概念","ORCL":"甲骨文","BK4212":"包装食品与肉类","CLSK":"CleanSpark, Inc.","FI":"费哲金融服务","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","NOBL":"ProShares S&P 500 Aristocrats ETF","BK4585":"ETF&股票定投概念","SDS":"两倍做空标普500ETF","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H"},"translate_title":"以Zacks的方式战胜市场：Fiserv，Hormel Foods，Modine Manufacturing聚焦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VITL":1,"MOD":1,"MU":1,"NOBL":1,"ORCL":1,"HRL":1,"PPC":1,"FRPT":1,"FI":1,"ECDP":1,"CPI":1,"CLSK":1,"DIS":1,"GIS":0.9,"SPY":0.9,"FDN":0.7,"UPRO":0.6,"SSO":0.6,"OEF":0.6,"OEX":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"ESmain":0.6,"IVV":0.6,".SPX":0.6},"content_text":"Major U.S. indexes ended in red last week, as investors have adopted a cautious approach before the vital Consumer Price Index (CPI) data to be released on Apr 10, 2024, by the U.S. Bureau of Labor Statistics. The CPI is one of the key factors for the Federal Reserve’s policy rate decisions ahead. The Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq Composite lost 1.7%, 0.8% and 0.9%, respectively.\nThe U.S. economy continues to show strength as the GDP growth for fourth-quarter 2023 was recorded at 3.4%, ahead of the consensus estimate of 3.2%. The Purchasing Managers’ Index (PMI) report for the month of March, published by the Institute of Supply Management, came in at 51.4% against 52.6% in February. Notably, any reading above 50% indicates expansion in services activities.\nThe Department of Labor reported that for the week ended Mar 30, initial claims increased by 9,000 to 221,000, higher than the consensus estimate of 213,000. The U.S. trade deficit for goods and services in February came in at $68.9 billion, higher than the street’s expectation of $67.7 billion.\nOn the international front, rising geopolitical tension between Israel and Iran has recently spiked the price of crude oil, which will lead to a rise in inflation.\nRegardless of market conditions, we here at Zacks provide investors with unbiased guidance on how to beat the market. \nAs usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.\nHere are some of our key achievements:\nCleanSpark and Vital Farms Surge Following Zacks Rank Upgrade \nShares of CleanSpark, Inc. CLSK have gained 79.3% (versus the S&P 500’s 5% increase) since it was upgraded to a Zacks Rank #2 (Buy) on February 7.\nAnother stock, Vital Farms, Inc. VITL, which was upgraded to a Zacks Rank #2 (Buy) on February 9, has returned 66% (versus the S&P 500’s 4.1% increase) since then.\nZacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. \nA hypothetical portfolio of Zacks Rank #1 (Strong Buy) stocks returned +20.63% in 2023 vs. +24.83% for the S&P 500 index and +15% for the equal-weight S&P 500 index. The portfolio of Zacks Rank #1 stocks is an equal-weight portfolio, while the S&P 500 index is a market-cap-weighted index that has been notably distorted by the concentrated performance of mega-cap stocks in 2023.\nWe are not trying to cherry-pick here. But since this Zacks Model portfolio, consisting of Zacks Rank #1 stocks, is an equal-weight portfolio, the equal-weight S&P 500 index is the appropriate benchmark for comparison. Looked at this way, this portfolio has handily outperformed the index.\nThe Zacks Model Portfolio - consisting of Zacks Rank #1 stocks – has outperformed the S&P index by more than 13 percentage points since 1988 (Through January 1st, 2024, the Zacks # 1 Rank stocks generated an annualized return of +24.18% since 1988 vs. +10.88% for the S&P 500 index). You can see the complete list of today’s Zacks Rank #1 stocks here >>>\nCheck CleanSpark’s historical EPS and Sales here>>>\nCheck Vital Farm’s historical EPS and Sales here>>>\nImage Source: Zacks Investment Research\nZacks Recommendation Upgrades Modine Manufacturing and Pilgrim's Pride Higher  \nShares of Modine Manufacturing Company MOD and Pilgrim's Pride Corporation PPC have advanced 37% (versus the S&P 500’s 6.2% rise) and 27.6%, respectively, since their Zacks Recommendation was upgraded to Outperform on February 2.\nWhile the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.\nThe Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.\nTo access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>\nZacks Focus List Stocks Micron Technology, The Walt Disney Company Shoot Up\nShares of Micron Technology, Inc. MU, which belongs to the Zacks Focus List, have gained 50% over the past 12 weeks. The stock was added to the Focus List on December 27, 2016. Another Focus-List holding, The Walt Disney Company DIS, which was added to the portfolio on March 23, 2020, has returned 31% over the past 12 weeks. The S&P 500 has advanced 8.8% over this period. \nThe 50-stock Zacks Focus List model portfolio returned +21.72% in 2023 (through November 30) vs. +20.79% for the S&P 500 index and +6.32% for the equal-weight S&P 500 index. In 2022, the portfolio produced -15.2% vs. the S&P 500 index’s -17.96%.\nSince 2004, the Focus List portfolio has produced an annualized return of +11.07% through November 30, 2023. This compares to a +9.49% annualized return for the S&P 500 index in the same time period.\nOn a rolling one-, three- and five-year annualized basis, the Zacks Focus List returned +13.49%, +9.21%, and +14.05% vs. +13.82%, +9.74% and +12.51% for the S&P 500 index, respectively.\nUnlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>\nZacks ECAP Stocks Oracle Corporation and Fiserv Make Significant Gains\nOracle Corporation ORCL, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 17.2% over the past 12 weeks. Fiserv, Inc. FI has followed Oracle Corporation with 14.9% returns.\nThe Zacks Earnings Certain Admiral Portfolio (ECAP), which consists of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks, returned +12.17% in 2023 vs. +26.28% for the S&P 500 index. The portfolio returned -4.7% in 2022 vs. the S&P 500 index’s -17.96%.\nWith little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.\nThe ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.\nZacks ECDP Stocks General Mills and Hormel Foods Outperform Peers\nGeneral Mills, Inc. GIS, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 10.1% over the past 12 weeks. Another ECDP stock, Hormel Foods Corporation HRL, has climbed 9.1% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance.\nCheck General Mills’ dividend history here>>>\nCheck Hormel Foods’ dividend history here>>>\nWith an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk.\nThe Zacks Earnings Certain Dividend Portfolio (ECDP) returned -0.9% in 2023 vs. +26.28% for the S&P 500 index) and +8.11% for the Dividend Aristocrats ETF (NOBL). The portfolio returned -2.3% in 2022 vs. -17.96% for the S&P 500 index and -8.34% for NOBL.\nClick here to access this portfolio on Zacks Advisor Tools.  \nZacks Top 10 Stocks — Freshpet Delivers Solid Returns\nFreshpet, Inc. FRPT, from the Zacks Top 10 Stocks for 2024, has jumped 33.7% year to date, which compares to the S&P 500 index’s +9.1% increase.\nThe Top 10 portfolio returned +25.15% in 2023 vs. +26.28% for the S&P 500 index. Since 2012, the Top 10 portfolio has produced a cumulative return of +1060.9% through the end of 2023 vs. +360.1% for the S&P 500 index.\nOn a rolling one-, three- and five-year annualized basis, the Zacks Top 10 portfolio returned +25.15%, +14.13%, and +29.3% vs. +26.28%, +10.23% and +15.61% for the S&P 500 index, respectively.\nSince 2012, the Zacks Top 10 portfolio has returned an annualized return of +22.67% through the end of 2023 vs. +13.56% for the S&P 500 index.\nWant 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\nGeneral Mills, Inc. (GIS) : Free Stock Analysis Report\nMicron Technology, Inc. (MU) : Free Stock Analysis Report\nOracle Corporation (ORCL) : Free Stock Analysis Report\nThe Walt Disney Company (DIS) : Free Stock Analysis Report\nHormel Foods Corporation (HRL) : Free Stock Analysis Report\nFreshpet, Inc. (FRPT) : Free Stock Analysis Report\nPilgrim's Pride Corporation (PPC) : Free Stock Analysis Report\nModine Manufacturing Company (MOD) : Free Stock Analysis Report\nFiserv, Inc. (FI) : Free Stock Analysis Report\nProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports\nCleanspark, Inc. (CLSK) : Free Stock Analysis Report\nVital Farms, Inc. (VITL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425899073"}