The Zacks Analyst Blog Highlights: Crocs, General Motors, Chipotle Mexican Grill And Snap
Zacks Investment Research | Jan 31, 2019 07:33AM ET
For Immediate Release
Chicago, IL – January 31, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Crocs, Inc. (NASDAQ:CROX) , General Motors Company (NYSE:GM) , Chipotle Mexican Grill, Inc. (NYSE:CMG) and Snap Inc. (NYSE:SNAP) .
Here are highlights from Wednesday’s Analyst Blog:
4 Consumer Stocks That Will Defy a Drop in Sentiment
The past few months have been nightmarish for some of the biggest consumer names on Wall Street, and that sure has affected your portfolio. For instance, food company Conagra saw its shares plummet nearly 40% in the last three months, while tech behemoth Apple (NASDAQ:AAPL) plunged almost 20% in the same period.
No doubt, consumer stocks are feeling the pain owing to drop in consumer sentiment due to the longest-ever U.S. government shutdown and continuing trade conflict with China. U.S. consumer confidence fell to the weakest point since July 2017 of 120.2 in January from 126.6 last December, per the New York-based Conference Board. A gauge measuring consumers’ expectations also tanked to the lowest since October 2016, while American’s view on present conditions weren’t good either.
But, while consumer stocks certainly have been choppy of late, there are plenty of names that have given good returns. So, there is no need to panic and give up on these stocks yet. We have zeroed in on four such stocks that have yielded strong returns in the last few months and have defied the drop in sentiments.
Crocs
Crocs, Inc. has improved significantly from what it was a decade ago. The company, which sells a wide range of footwear, has especially sold products to nursing and food service sectors where most of the employees are on their feet all day. This development is surely working in favor of the company as its projected revenue growth for fiscal 2018 is 6% and 5% for 2019.
The company’s stock has outperformed the broader Zacks Investment Research
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