The Zacks Analyst Blog Highlights: Cross Country Healthcare, KB Home, Hilton Grand Vacations, Tenet Healthcare And G-III Apparel
Zacks Investment Research | Feb 10, 2020 10:40PM ET
For Immediate Release
Chicago, IL – February 11, 2020 – 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: Cross Country Healthcare, Inc. (NASDAQ:CCRN) , KB Home (NYSE:KBH) , Hilton Grand Vacations Inc. (NYSE:HGV) , Tenet Healthcare Corporation (NYSE:THC) and G-III Apparel Group, Ltd. (NASDAQ:GIII) .
Here are highlights from Monday’s Analyst Blog:
U.S. Labor Market on Solid Footing: Top 5 Winners
The U.S. economy added a robust number of new jobs as Americans continue to return to the labor force, while wage growth has improved slightly. Blockbuster jobs data, in fact, gave the White House a cause to cheer at the end of a tumultuous week for President Trump. Nevertheless, here’s a rundown on the strong job growth’s big winners –
January Adds Better-Than-Expected Jobs
According to the Labor Department, the United States added a heartening 225,000 jobs last month, way higher than analysts’ expectations of 160,000 jobs. It was also up from December’s upwardly revised number of 147,000. In addition to December’s positive revision, non-farm payrolls for the month of November increased by 5,000 to 256,000. And that means the economy added an average of 211,000 new jobs in the past three months, a significant rise from last summer. What’s more, such encouraging numbers suggest that the labor market was in a stronger shape toward the end of last year.
Economists believe that payroll gain was predominantly boosted by a rather unexpected warm weather in January. The unemployment rate, in the meantime, did edge up to 3.6% from a 50-year low of 3.5%. But it’s mostly due to a greater number of people entering the labor force. In fact, the prime-age employment-to-population ratio, a measure to show how many people between the age of 25 and 54 are looking for work, jumped to 80.6% in January. But these figures are considered good, as there could be still more room for the labor market to grow.
And with a greater number of job additions as well as people searching for jobs, staffing stocks are sure to shine. Given the buoyancy in the staffing space, investors can bet on Cross Country Healthcare, Inc., which provides healthcare staffing, recruiting, and workforce solutions in the United States. The company currently has a Zacks Rank #2 (Buy). The company’s expected earnings growth rate for the current year is 16.7%, way more than the Zacks Investment Research
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