News Feed Item

Zacks Investment Ideas feature highlights: Astronics, Dixie Group and Synutra International

CHICAGO, April 14, 2014 /PRNewswire/ -- Today, Zacks Investment Ideas feature highlights Features: Astronics (Nasdaq:ATRO-Free Report), Dixie Group (Nasdaq:DXYN-Free Report) and Synutra International (Nasdaq:SYUT-Free Report).

Zacks Investment Research, Inc., www.zacks.com

3 Beat-Up Momentum Stocks

After the forest fire the market just went through we've got to search for saplings peeking their heads out in little green sprouts on the ground. I'm looking for stocks that had done very well this year or the end of last year that are Zacks Rank #1(Strong Buy) or Zack Rank #2 (Buy). The thought process is we are looking for the babies thrown out with the bath water. Stocks whose fundamental earnings story hasn't changed, just their stock price. We are digging through the clearance rack looking for the half-off stickers on the Bruno Magli's. Using Zacks Research Wizard I found three stocks we may be able to stand in and buy with a little courage.

Astronics (Nasdaq:ATRO-Free Report) is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. ATRO is insulated within the aerospace and defense equipment industry that ranks in the top 31% of our Zacks Industry Rank. Currently, ATRO is a Zacks Rank #1 (Strong Buy).

The earnings story has been strong for ATRO for most of the last four years, with one major rough patch coming in 2012. Since then year over year numbers have improved and earnings estimates have continued to be revised to the upside. The price and consensus chart below shows the story of earnings over the last several years.

The technical picture may be turning a corner for ATRO. Usually I look for stocks trading above their 25 day moving average shifted by 5 days (25x5) that are firmly in uptrends. Here we have a stock that has wavered with the market quite a bit. Remember, we have a Russell 2000 index that has sold off pretty violently lately. It appears that ATRO is catching a slight bid above support from the lows of late February. The last time ATRO caught support and turned around it stormed up from around $50 all the way up above $72. Even a retrace back to the 25x5 at $65.52 would be a good jump from where the stock is trading at today.

Another good idea to look at is Dixie Group (Nasdaq:DXYN-Free Report). Dixie is a leading carpet and rug manufacturer and supplier to higher-end residential and commercial customers. Here you get a stock that has a housing turnaround story behind it. If we get increasingly better new home starts numbers that should bode well for companies that provide materials for these new houses. And nothing screams new house like a fresh carpet under your feet.

Recent earnings surprises are a big reason why DXYN is a Zacks Rank #1 (Strong Buy). Over the last four quarters they have surprised to the upside by an average of 184.59%. Last quarter's surprise beat the 5 cent estimate by 9 cents. Current year earnings are slated to come in at 72 cents per share while next year's target number is $1.05. The price and consensus chart shows a clear up and to the right pattern that we all love to see in a stock. It seems that the earnings story turned around as volume started to pick up in early 2013.

The technical interaction DXYN has with its 25x5 is very encouraging. Often time price dips and closes below for several days then catches a bid once again and pushes higher. Not only is this happening again today, but it is finding support just above the $15 level. I think this is a pretty good risk versus reward scenario shaping up for the stock.

Last but not least we have Synutra International (Nasdaq:SYUT-Free Report). Synutra is a Zacks Rank #1 (Strong Buy) in the dairy products industry that ranks in the top 11% of our Zacks Industry Rank. SYUT owns and operates six subsidiaries in China that are all engaged in different stages of production, distribution and sales of dairy based infant and nutritional formulas. Similar to DXYN, Synutra has had a great track record of beating earnings estimates to the upside. The last four quarters they have beat by 125% on average.

The chart for SYUT shows a stock that had a huge breakout to the upside and has pulled back considerably. This is the perfect technical set up for us to use Fibonacci retracements to identify potential areas of support for the stock on the way down. I know you never want to try to catch a falling knife so you definitely want to wait to see confirmation of the support prior to entering any trade.

If you take the move from the lows in July 2013 to the highs of November 2013 and draw several key levels you can see that the stock is very near the 76.4% retracement level today. This could very well be the bottom and a support level for SYUT. This is the same price level where the stock found resistance in June 2013 before it began its big move to $10. If the Russell finds support down here at the 1113 level maybe this stock can catch a bid and get back to the $7's.

About Zacks

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.

Get the full Report on ATRO – FREE

Get the full Report on DXYN – FREE

Get the full Report on SYUT – FREE

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.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]


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.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
SYS-CON Events announced today that SoftNet 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. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
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 and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
SYS-CON Events announced today that Cemware 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. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
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.