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Zacks.com featured highlights include Carriage Services, Pool, The Buckle, Bolt Biotherapeutics and Titan Machinery

Zacks Equity Research
·5-min read

For Immediate Release

Chicago, IL – June 10, 2022 – Stocks in this week’s article are Carriage Services CSV, Pool Corp. POOL, The Buckle BKE, Bolt Biotherapeutics BOLT, and Titan Machinery TITN.

5 Top-Ranked Stocks to Bet Big on Rising P/E Investing

Generally, investors are in search of stocks with a low price-to-earnings (P/E) ratio. The idea is that the lower the P/E, the higher will be the value of the stock. It means a stock's current market price is not priced in yet, and has room left to run owing to its higher earnings potential. This clearly justifies investors' inclination toward low P/E stocks.

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But stocks with a rising P/E are also worth a bet. We'll tell you why.

Why Rising P/E a Valuable Tool?                                                                                 

Investors should note that stock price moves in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the forward guidance boost earnings forecasts, leading to stronger demand for the stock and a rise in price.

So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. This is because the investor expects earnings of the company to rise at a faster pace in the future on the back of strong fundamentals.

Also, studies have revealed that stocks have seen their P/E ratios jump more than 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.

Here are five of the 102 that passed the screen.

Carriage Services : This is a leading provider of death care services and products in the United States. It has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

Pool Corp. : The Zacks Rank #1 company is the world's largest wholesale distributor of swimming pool supplies, equipment and related products.

The Buckle: The Zacks Rank #2 company is a leading retailer of medium to better-priced casual apparel, footwear and accessories for fashion-conscious young men and women.

Bolt Biotherapeutics :This is a clinical-stage immuno-oncology company. It currently has a Zacks Rank #2.

Titan Machinery : The Zacks Rank #2 company represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1936625/5-top-ranked-stocks-to-bet-big-on-rising-pe-investing

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

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 more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

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/performancefor information about the performance numbers displayed in this press release.


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Pool Corporation (POOL) : Free Stock Analysis Report
 
Buckle, Inc. The (BKE) : Free Stock Analysis Report
 
Titan Machinery Inc. (TITN) : Free Stock Analysis Report
 
Carriage Services, Inc. (CSV) : Free Stock Analysis Report
 
Bolt Biotherapeutics, Inc. (BOLT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research