|By PR Newswire||
|January 9, 2014 09:31 AM EST||
CHICAGO, Jan. 9, 2014 /PRNewswire/ -- Today, Zacks Investment Ideas feature highlights Features: Arctic Cat (Nasdaq:ACAT-Free Report), Home Depot (NYSE:HD-Free Report), Columbia Sportswear (Nasdaq:COLM-Free Report) and First Trust ISE-Revere Natural Gas ETF (AMEX:FCG-Free Report).
The Polar Vortex Could Push These Stocks Higher
Thanks to a 'Polar Vortex' of cold air coming down from the North Pole, temperatures have been near records across much of the Midwest and Northeast. Here in Chicago, temperatures with the wind chill approached 50 below zero to start the week, while other cities in the region saw similarly brutal weather.
It also comes following a burst of heavy snowfall which snarled much of both the Midwest and the Northeast, kicking of a particularly unfavorable start to 2014.
While the weather has hampered many in the transportation industry, and could definitely hit some segments of the food world, not all stocks look to be negatively impacted by the extreme weather. Below, we highlight three companies which have buy ranks and may actually be benefit from increased demand thanks to the wild weather:
ACAT had a great 2013 selling a variety of snowmobiles and ATVs to the general public, as its stock appreciated by more than 60% on the year. This Minnesota-based company could also see some solid trading in 2014 too, especially if demand remains robust for its key cold-weather focused products in this snowy weather.
Earnings estimates were already moving higher for ACAT before the storm, suggesting that trends were still moving in the right direction. In fact, all the estimate revisions for the current quarter and the current year have been higher, while EPS growth (yoy) is expected to come in at 72% for next quarter.
ACAT currently has a Zacks Rank #2 (Buy), and its industry is actually ranked in the top 5% too. So even if ACAT doesn't see a storm boost, this may be a stock to keep your eye on this winter.
Home Depot is a massive home improvement retailer, and though it has a huge base of operations, the company could see a modest uptick from the weather. That is because demand for a variety of products that HD sells could spike—be it anything from insulation and space heaters to shovels and snow blowers—suggesting more good days could be ahead for this Dow component.
Best of all, the earnings picture was already looking quite good for HD, as estimates were moving almost universally higher for the full year time frame. The consensus was also trending higher for this stock, while earnings misses are pretty rare too.
Thanks to this, HD has a Zacks Rank #2 (Buy), and could see a small increase for its current quarter earnings too, especially if extreme weather stays common this winter.
Although Columbia makes a variety of outdoor apparel products, its coats—with special linings designed to keep the heat in—might see an increase in demand thanks to the extreme cold. The company also sells a variety of other clothing items and accessories, and if the weather stays like this for a while, it could boost demand for COLM's entire lineup of apparel.
Earnings estimates have also been trending higher for this company, as estimates have risen a little bit for both the current year and the next year time frames. Analysts seem to be in agreement on the firm's long term prospects too, as not a single estimate has gone lower for the current year or next year periods in the past 60 days.
Though COLM is in a rough industry, the stock has secured a Zacks Rank #2 (Buy). And with the winter weather potentially just getting started—and the Winter Olympics just around the corner—this may be another stock to watch for further gains in the months ahead.
When temperatures are plunging into near record levels, many people had to turn up the heat and leave it running for quite some time. And when this happens, many utilities have to tap into natural gas as a fuel to meet this extra demand.
Thanks to this, we might see an uptick in natural gas usage that far exceeds normal, leading to a modest increase in prices. While investors can try their luck with the futures market, a play on natural gas producers might be a lower risk play, such as with FCG.
This ETF holds a basket of companies in the natural gas space, focusing on firms in the exploration and production segment. Value metrics, correlation with natural gas prices, and ROE are all used to rank the stocks, and the top 30 are included in the final portfolio and then the fund.
FCG currently has a Zacks ETF Rank #2 (Buy), and could be an interesting pick for investors who are looking for more natural gas demand ahead.
Weather has been pretty extreme across much of the country, and it has likely led to economic losses in many parts of the nation. However, some companies and sectors do look to benefit from these brutal temperatures and heavy snowfall, and could actually come out ahead.
Plus, the companies—and the ETF—highlighted above all have Zacks Ranks of 2 or better. This suggests that they already were looking quite good before the storms hit, but with the higher demand that may result from the weather, they may see solid days ahead as well.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
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.
Zacks Investment Research
800-767-3771 ext. 9339
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.
"Storage is growing. All of IDC's estimates say that unstructured data is now 80% of the world's data. We provide storage systems that can actually deal with that scale of data - software-defined storage systems," stated Paul Turner, Chief Product and Marketing Officer at Cloudian, in this SYS-CON.tv interview at 17th Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 26, 2017 02:30 PM EST Reads: 7,045
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Feb. 26, 2017 02:30 PM EST Reads: 2,422
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Feb. 26, 2017 01:30 PM EST Reads: 2,335
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Feb. 26, 2017 01:15 PM EST Reads: 1,812
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 26, 2017 01:15 PM EST Reads: 2,177
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
Feb. 26, 2017 01:00 PM EST Reads: 3,005
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Feb. 26, 2017 01:00 PM EST Reads: 1,794
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Feb. 26, 2017 12:45 PM EST Reads: 554
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
Feb. 26, 2017 12:45 PM EST Reads: 6,396
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Feb. 26, 2017 12:30 PM EST Reads: 2,001
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Feb. 26, 2017 11:30 AM EST Reads: 6,680
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Feb. 26, 2017 11:00 AM EST Reads: 2,760
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of patie...
Feb. 26, 2017 11:00 AM EST Reads: 1,317
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
Feb. 26, 2017 11:00 AM EST Reads: 4,098
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facing...
Feb. 26, 2017 10:45 AM EST Reads: 8,117