Dover (DOV) Looks Good: Stock Adds 5.3% in Session
Dover Corporation DOV was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $72.45 to $74.91 in the past one month time frame.
The move came after the company reported better-than-expected second-quarter 2018 results.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Dover currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Dover Corporation Price
Dover Corporation Price | Dover Corporation Quote
Investors interested in the Manufacturing - General Industrial industry may consider Chart Industries, Inc. GTLS, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is DOV going up? Or down? Predict to see what others think:Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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
Dover Corporation (DOV) : Free Stock Analysis Report
Chart Industries, Inc. (GTLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
