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Top Stock Picks for Week of JULY 23, 2021

By Zacks Investment ResearchStock MarketsJul 24, 2021 12:25AM ET
Top Stock Picks for Week of JULY 23, 2021
By Zacks Investment Research   |  Jul 24, 2021 12:25AM ET
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Foot Locker (NYSE:FL), Inc. FL is a retailer of athletic shoes and apparel.Shares of Foot Locker have outpaced the industry in the past three months. Sturdy growth in the digital realm, robust brand portfolio and prudent inventory management have been aiding the stock. These factors also supported the company’s first-quarter fiscal 2021 results, wherein the top and the bottom line rose year on year. Markedly, the company’s digital business surged 43%, on a comparable basis, and contributed 25% to total sales. Management highlighted that despite significant operating challenges owing to the pandemic, the company witnessed favorable customer response for its merchandise offerings.

Among the big six, JPMorgan JPM , Bank of America BAC, Wells Fargo (NYSE:WFC) WFC , Citgroup C, Morgan Stanley (NYSE:MS) MS and Goldman Sachs GS , which is the better buy right now? Let’s take a look at to see which of these stocks in the good graces of our Zacks Rank.

FedEx Corporation (NYSE:FDX) FDX is the leader in global express delivery services.We are also pleased with the company’s efforts to reward its shareholders even in these difficult times. Notably, its dividends have increased at a 5-year CAGR of 26%. This reflects FedEx's shareholder-friendly approach. We are also positive on FedEx's acquisition of Cargex. The buyout has strengthened FedEx's Latin American footprint. FedEx's cash position is solid. Over the past 90 days, the Zacks Consensus Estimate for FDX's full-year earnings has moved 5.66% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, FDX has moved about 16.98% on a year-to-date basis. In comparison, Transportation companies have returned an average of 6.75%. This means that FedEx is outperforming the sector as a whole this year. Investors with an interest in Transportation stocks should continue to track FDX.

Digital Turbine (NASDAQ:APPS), Inc. APPS shares soared from around $7 last year to nearly $100 in March. The mobile app and digital advertising-focused tech firm, which has expanded through acquisitions recently, has seen its stock price fall from its highs. But Wall Street has already started to jump back in amid the tech resurgence that’s pushed the Nasdaq to records, driven by Facebook (NASDAQ:FB) FB, Adobe (NASDAQ:ADBE) ADBE , Microsoft MSFT , Tesla (NASDAQ:TSLA) TSLA , Google GOOGL.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Goldman Sachs Group, Inc. (NYSE:GS): Free Stock Analysis Report

Bank of America Corporation (NYSE:BAC): Free Stock Analysis Report

Wells Fargo & Company (WFC): Free Stock Analysis Report

JPMorgan Chase & Co. (NYSE:JPM): Free Stock Analysis Report

Morgan Stanley (MS): Free Stock Analysis Report

Citigroup Inc. (NYSE:C): Free Stock Analysis Report

Microsoft Corporation (NASDAQ:MSFT): Free Stock Analysis Report

Adobe Inc. (ADBE): Free Stock Analysis Report

Foot Locker, Inc. (FL): Free Stock Analysis Report

FedEx Corporation (FDX): Free Stock Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

Alphabet Inc. (NASDAQ:GOOGL): Free Stock Analysis Report

Digital Turbine, Inc. (APPS): Free Stock Analysis Report

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Zacks Investment Research
Top Stock Picks for Week of JULY 23, 2021

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Top Stock Picks for Week of JULY 23, 2021

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aisyah Khana
aisyah Khana Jul 24, 2021 11:53AM ET
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