There are people out there, like myself, who are always on the hunt for the next great momentum stock idea. They want to see a stock with relative strength to the market and to the industry with recent earnings estimate revisions to the upside.
Then you have the value-oriented investors who are keeping an eye on valuation at all times. They are looking for good earnings at a cheap price. These are the Warren Buffetts of the world, digging through balance sheets and income statements looking for deals.
Don’t forget about the growth crowd. These people are searching for the next best thing. They research companies on the bleeding edge of technology that are about to experience some incredible growth in earnings and revenues over the short and long term.
What if there was a way you could keep all three of these crowds happy? The perfect triple threat of great momentum, good value, and fantastic growth.
Well by using the new Zacks Style Scores combine with our screener you can. I searched for Zacks Rank #1 (Strong Buy) stocks that are lighting up the score board with the ultimate triple threat. These stocks also have a Zacks Style Score of “A” for Growth, Value and Momentum.
Cascade Microtech (CSCD - Snapshot Report)
Cascade Microtech designs, develops and manufactures advanced wafer probing solutions for the electrical measurement and test of integrated circuits. Cascade's engineering probe stations and analytical probes are used in research and development to perform precise electrical measurements on increasingly complex and high speed ICs. Cascade's production probe cards reduce manufacturing costs of complex and high speed ICs by identifying defective ICs early in the process and by testing Cascade may not ring a bell with individual investors but analysts are well aware of the company. Over the last week, three analysts have increased their earnings estimates for the current year. The bullish revisions have pushed up consensus from 68 cents per share all the way to 76 cents.
Covenant Transport (CVTI - Snapshot Report)
Covenant Transport, Inc. is a truckload carrier that offers just-in-time and other premium transportation service for customers throughout the United States. The company has weathered the storm the trucking industry saw during the Great Recession and looks to be well positioned for the future.
The company has been surprising earnings to the upside recently. Over the last four quarters the company has beat by an average of 6 cents. Among the largest surprises was CVTI’s Q2 2014 report. Earnings came in at 25 cents EPS versus a Zacks Consensus Estimate of 17 cents.
HCA Holdings (HCA - Snapshot Report)
HCA reports Q1 earnings tomorrow before the market opens. The last two quarters have seen upside surprises with last quarter’s report coming in 8 cents above expectations at $1.33. Over the last 30 days, analysts have pushed up their earnings estimates from $1.16 for the current quarter all the way to $1.34. The most recent revision saw an analyst push the envelope even further, setting an estimate at $1.35. This Zacks Most Accurate Estimate gives the stock an Earnings ESP of 0.75%.
Conclusion
Too bad we can’t always get the triple-threat in everything in life. A car with great mileage, tons of power and great looks. A house that’s huge, in a great neighborhood and dirt cheap. Few times in life do the stars line up for us like this but using the Zacks Style Scores perhaps we’ve found a way to find stocks that look great from a Momentum, Growth, and Value standpoint.
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