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E*Trade Financial, Vitamin Shoppe and Netflix highlighted as Zacks Bull and Bear of the Day

Mutual Fund Report for TRMCX

For Immediate Release

Chicago, IL – Jan 18, 2018 – Zacks Equity Research highlights E*Trade Financial ETFC as the Bull of the Day, Vitamin Shoppe VSI as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Netflix NFLX.

Here is a synopsis of all three stocks:

Bull of the Day:

The tax cut has the stock market going supernova. Yesterday was the first time in history the Dow closed over 26,000. There is no other industry that is cheering on this market rally more than financial services. More trading and higher asset prices spells big profits for companies like today’s Bull of the Day, E*Trade Financial.

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E*Trade Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*Trade Financial brand. It also offers investor-focused banking products, primarily deposits to retail investors; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients. 

The company is a Zacks Rank #1 (Strong Buy) in an industry that ranks in the Top 11% of our Zacks Industry Rank. The reason for the bullish Zacks Rank is the activity of analysts covering the stock. Over the last month, six analysts have increased their earnings estimates for the current quarter, current year and next year while no analysts have dropped their numbers.

This has pushed the Zacks Consensus Estimate for the current year from $2.26 to $2.28, while next year’s number has swelled from $2.52 to $3.11. Earnings are estimated to grow at a 44% clip year-over-year this quarter. Next year analysts are betting on 36.42% earnings growth. Revenues for next year are slated to grow at 12.12%.

Bear of the Day:

Avoiding retail like the plague has been a good motto for investors. Not retail categorically across the board, but those little pockets of retail that seem like they are on their way out. I’m not saying that today’s Bear of the Day is going the way of the dodo bird, I’m just saying that will all this money sloshing around the market there are easier places to make a buck.

I’m talking about Zacks Rank #5 (Strong Sell) Vitamin Shoppe. Vitamin Shoppe, Inc., through its subsidiaries, operates as a multi-channel specialty retailer and contract manufacturer of nutritional products in the United States and internationally. It operates through three segments: Retail, Direct, and Manufacturing. The company provides custom manufacturing and private labeling services for VMS products, as well as develops and markets own branded products. It offers vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products of approximately 900 brands, such as own brands comprising Vitamin Shoppe, BodyTech, True Athlete, Mytrition, plnt, ProBioCare, Next Step, and Betancourt Nutrition; and national brands, including Optimum Nutrition, Cellucor, Garden of Life, Quest Nutrition, Solaray, Solgar, and Nature's Way. 

Growth numbers across the board are in the gutter for Vitamin Shoppe. The current quarter revenue contraction is expected to be close to 14%. A year ago, the company made 36 cents for the quarter, this year they are looking at a 24-cent loss. Analysts have been dropping their earnings estimates for the stock, resulting in the unfavorable Zacks Rank. The current year Zacks Consensus Estimate has gone from 72 cents to 34 cents while next year’s number has plummeted from 69 cents to 30 cents.

Additional Content:

Bitcoin Loses a Netflix Worth of Market Cap

The multi-day cryptocurrency selloff continued on Wednesday, with several notable coins—including bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash—once again experiencing sharp declines. Experienced crypto traders are no strangers to sudden drops, but the scope and severity of this particular January crash has many concerned.

According to CoinMarketCap.com, the price of bitcoin has tumbled nearly 16% over the past 24 hours. Ethereum, Litecoin, and Bitcoin Cash have all dropped more than 20% within that same timeframe, while Ripple has crashed more than 25%.

Wednesday’s losses add to what has been a terrible week for the vast majority of the world’s cryptocurrencies. After reaching a weekly high on Saturday, the 1,442 cryptocurrencies tracked by CoinMarketCap have since shed about $330 billion worth of total market capitalization.

The crash becomes even more maddening when looking at the price action of bitcoin specifically. At its lowest point on Wednesday morning, bitcoin’s total market cap was about $158 billion—a far cry from the $252 billion it was at as recently as last week.

Bitcoin has bounced off that weekly low a bit, but there was a moment this morning where the world’s most popular cryptocurrency was down about $95 billion on the week. Having trouble visualizing just how big of a drop that is? $95 billion is about equal to the current market cap of Netflix.

Proponents of bitcoin will quickly point out that the “January crash” is not a new phenomenon. Indeed, over the last several years, bitcoin has tumbled significantly from new highs in the month of January—in direct contrast to the New Year bullishness we typically see on the stock market.

But with the significant surge in bitcoin over the past year, this year’s January crash comes at a moment when the stakes have never been higher.

Nevertheless, it is worth noting that Wednesday’s intraday low for total cryptocurrency market cap is relatively in-line with what the crypto market was trading at just 23 days ago. As promised, the cryptocurrency market continues to witness significant fluctuations.

New traders might be getting burned if this is their first time experiencing it, but we continue to see that anyone that presumes to know where bitcoin is heading next is typically overconfident.

Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

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About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Netflix, Inc. (NFLX) : Free Stock Analysis Report
 
E*TRADE Financial Corporation (ETFC) : Free Stock Analysis Report
 
Vitamin Shoppe, Inc (VSI) : Free Stock Analysis Report
 
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