The Zacks Analyst Blog Highlights: PC Connection, TopBuild, Cable One And Cable One
Zacks Investment Research | Nov 19, 2019 10:00PM ET
For Immediate Release
Chicago, IL – November 20, 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: PC Connection, Inc. (NASDAQ:CNXN) , TopBuild Corp. (NYSE:BLD) , Cable One, Inc. (NYSE:CABO) and Fortinet, Inc. (NASDAQ:FTNT) .
Here are highlights from Tuesday’s Analyst Blog:
4 Growth Stocks to Make the Most of the Markets’ Uphill Climb
Investors with an appetite for risks may find growth stocks attractive at present, taking into account the new highs touched by major U.S. stock market indexes recently.
After all, the much-anticipated partial trade agreement between the United States and China may be finalized soon, thanks to positive comments by Chinese officials earlier this week. In addition, investor optimism around the U.S. economy is also boosting the stock market.
Let us, thus, take a look at some growth stocks that could gain more from the recent rally in financial markets.
US-China’s Phase-One Trade Deal Appears Closer
Major stock indexes hit fresh new highs on Nov 18, marking a fifth consecutive day of record close. The gains were largely a result of investor optimism surrounding the possible signing of the first phase of the U.S.-China trade agreement.
Investors’ hoped were renewed after the Chinese state media outlet Xinhua said that vice premier Liu He had a telephonic conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Nov 16. According to Xinhua, the discussions were “constructive.”
Needless to say, following this news, all the three major indexes rose. But this progress isn’t the only factor behind the recent stock market rally. A low-rate environment has been fueling investor optimism as well.
Fed’s Low Rates Drove Away Recession Fears
The Fed’s decision to trim interest rates by 0.75 percentage points over the past three meetings since the beginning of this year has helped to a large extent in combating fears about an impending recession. Traders were highly skeptical of the country’s economic health, given that the major economies worldwide were witnessing a slowdown in growth.
But Fed’s decision to bring about a low-rate environment in the country has been a relief for both corporates and investors. Essentially, a low-rate environment means that companies could have easier access to receiving monetary aid from banks to maintain their infrastructure and operations.
Thus, the change in policy has also helped in boosting business confidence, which aided the yield curve in attaining a positive slope. The yield curve’s positive slope is contrary to the prediction of an economic recession.
Our Choices
Given the current bullishness, one could consider investing in growth stocks to get the best out of the market’s upward movement. We have selected four stocks that carry a Zacks Rank #1 (Strong Buy) and Zacks Investment Research
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