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
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...