Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

The Zacks Analyst Blog Highlights: CIRCOR International, H&E Equipment Services, SiteOne Landscape Supply, Tennant And Northwest Pipe

Published 11/12/2019, 09:39 PM
Updated 07/09/2023, 06:31 AM

For Immediate Release

Chicago, IL –November 13, 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: CIRCOR International Inc. (NYSE:CIR) , H&E Equipment Services Inc. (NASDAQ:HEES) , SiteOne Landscape Supply Inc. (NYSE:SITE) , Tennant Co. (NYSE:TNC) and Northwest Pipe Co. (NASDAQ:NWPX) .

Here are highlights from Tuesday’s Analyst Blog:

5 Must-Buy Industrial Stocks That Have Skyrocketed in 2019

The industrial sector has performed impressively so far in 2019 despite the fact that the U.S. economy is still reeling under trade-related jitters. A prolonged trade tussle with China has resulted in a global economic downturn. The U.S. economy also lost its pace although it is growing for the 11th year on the trot. In spite of these negatives, several industrial stocks have skyrocketed year to date.

Tarde War Hurts Business Spending

Lingering trade conflict with China has resulted in tariff war wherein duties have been levied on hundreds of billion dollars on each other goods. The U.S. government has already levied 25% tariff on more than $300 billion of Chinese goods mostly used as cheap inputs for the technology and industrial sectors. On the other hand, China imposed tariffs on more than $100 billion U.S. products mainly from the agricultural sector.

Imposition of tariff on China-made low-cost intermediary products raised the input cost of U.S. manufacturers. Consequently U.S. business spending dropped significantly in 2019. The Institute of Supply Management reported that U.S. manufacturing activities contracted for three consecutive months from August to October. Moreover, the latest data on U.S. industrial production showed that it declined 0.4% in September.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Trade-related conflict with China continues despite President Trump’s assurance about substantial progress of a partial deal. Besides technology, the industrial sector also bore the brunt of trade war owing to higher input costs and lower export demand. Both are the direct results of a prolonged trade conflict.

Industrial Sector Shines Despite Headwinds

Despite several headwinds, industrial stocks have performed quite strongly so far this year. The Industrial Select Sector SPDR (XLI), one of the 11 broad sectors of the S&P 500 Index, has rallied 27% year to date, outpacing the benchmark index’s gain of 23.4%. In fact, the industrial sector is so far the second-best performer of the S&P 500 Index after the Technology Select Sector SPDR (XLK) that has surged 39% year to date.

Our Top Picks

In line with this impressive trend, we have narrowed down our search to five industrial stocks that have skyrocketed in 2019 and still have upside left. Each of our picks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CIRCOR International Inc.designs, manufactures and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial.

The company has an expected earnings growth rate of 6.2% for the current year. The Zacks Consensus Estimate for the current year has improved by 4.2% over the last 30 days. The stock has jumped 97.7% year to date.

H&E Equipment Services Inc.is one of the largest integrated equipment services companies in the United States. It operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The company has an expected earnings growth rate of 21.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 4.9% over the last 30 days. The stock has jumped 80% year to date.

SiteOne Landscape Supply Inc.is engaged in the wholesale distribution of landscape supplies in the United States and Canada. It provides a selection of nearly 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones and blocks.

The company has an expected earnings growth rate of 15.6% for the current year. The Zacks Consensus Estimate for the current year has improved 11.4% over the last 30 days. The stock has soared 66.8% year to date.

Tennant Co.designs, manufactures and markets floor cleaning equipment worldwide. It offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.

The company has an expected earnings growth rate of 29.8% for the current year. The Zacks Consensus Estimate for the current year has improved by 5.2% over the last 30 days. The stock has surged 48.8% year to date.

Northwest Pipe Co.manufactures engineered welded steel pipe water systems in North America. It operates through two segments: Water Transmission business and Tubular Products business.

The company has an expected earnings growth rate of 15.8% for the current year. The Zacks Consensus Estimate for the current year has improved by 46.7% over the last 30 days. The stock has climbed 39.5% year to date.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .


H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report

Tennant Company (TNC): Free Stock Analysis Report

CIRCOR International, Inc. (CIR): Free Stock Analysis Report

Northwest Pipe Company (NWPX): Free Stock Analysis Report

SiteOne Landscape Supply, Inc. (SITE): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.