New York Factory Activity Expands for First Time in Five Months
The Federal Reserve Bank of New York's general business conditions index increased 21.5 points to 5.5, data showed Tuesday. Readings above zero indicate expansion. None of the economists in a Bloomberg survey projected growth.
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Omnicom: Q2 Earnings Snapshot
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3 Large-Cap Value Funds to Buy on Growing Uncertainty Over Rate Cuts
The uncertainty over the timing of the next interest rate cut is making investors jittery. The Federal Reserve has suggested that it is in no rush to cut rates, as it has adopted a cautious approach. Policymakers are particularly concerned about rising inflation, which could be intensified by tariffs imposed by President Donald Trump. According to the minutes from the Fed's latest meeting, released last week, most officials are not inclined toward an immediate rate cut. This could keep markets volatile for a longer period. In such an unpredictable environment, investors may want to consider investing in large-cap value funds for safety. Three such funds are: Shelton Equity Income Investor EQTIX, Putnam Large Cap Value A PEYAX and Northern Income Equity NOIEX. The minutes of the Federal Reserve's latest meeting suggest that only a few officials believe that a rate cut might be appropriate as early as this month. 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Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> 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 Get Your Free (EQTIX): Fund Analysis Report Get Your Free (PEYAX): Fund Analysis Report Get Your Free (NOIEX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
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Here's Why Ducommun (DCO) is a Great Momentum Stock to Buy
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Ducommun (DCO), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Ducommun currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if DCO is a promising momentum pick, let's examine some Momentum Style elements to see if this aerospace industry supplier holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For DCO, shares are up 0.94% over the past week while the Zacks Aerospace - Defense Equipment industry is up 0.15% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.92% compares favorably with the industry's 7.41% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Ducommun have increased 60.02% over the past quarter, and have gained 46.68% in the last year. On the other hand, the S&P 500 has only moved 16.27% and 12.91%, respectively. Investors should also pay attention to DCO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. DCO is currently averaging 153,468 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with DCO. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost DCO's consensus estimate, increasing from $3.65 to $3.68 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that DCO is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Ducommun on your short list. 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 Ducommun Incorporated (DCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
