Watsco (WSO) Soars: Stock Rises 5.4%

Zacks

Watsco Inc. (WSO) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $96.93 to $100.41 in the past one-month timeframe.

In the last 30-day frame, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Watsco currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other well-performing stocks in the construction sector include Vulcan Materials Company (VMC), MasTec, Inc. (MTZ) and William Lyon Homes (WLH). All three sport a Zacks Rank #1 (Strong Buy).

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 >>




WILLIAM LYON HOMES (WLH): Free Stock Analysis Report

WATSCO INC (WSO): Free Stock Analysis Report

MASTEC INC (MTZ): Free Stock Analysis Report

VULCAN MATERIALS COHOLDING CO (VMC): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)