Welcome!

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]

http://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 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
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
@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...
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.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...