Globant Sees Hammer Chart Pattern: Time to Buy?
ITT Inc.’s ITT Veam brand will unveil its latest circular modular connector series — MOVE — in InnoTrans 2018. The company will also showcase the broad portfolio of other rail connectivity solutions offered by its Veam, Cannon, KONI and Axtone brands in the popular international trade fair.
The company stated that the MOVE modular series will be highly useful for railway infrastructure applications and rough environment rolling stock. These unique connectors will make use of span-in modules to bring in different types of contact layouts which permit transmission of signal, power and data in the same connector.
Veam’s MOVE series will ensure lower cost and time efficiency due to reduced component requisites and will also include non-imitable ultra-secure bayonet coupling mechanism. Additionally, these connectors have higher flexibility, reduced weight and can be installed with less complexity. Also, the MOVE connectors will include RoHS-compliant ruggedized plating choices, such as Black Epoxyurethanic Varnish (T39) and Blue Generation (A240).
The MOVE circular modular connector series is scheduled to be available in the market in 2019.
Over the past three months, ITT’s shares have rallied 8.5%, outperforming 5.9% growth recorded by the industry.
This Zacks Rank #2 (Buy) stock is poised to grow on the back of robust end-market demand and its state-of-the-art ongoing three-pronged business strategy. The company also carries a favorable VGM Score of B and pulled off an average positive earnings surprise of 6.33% over the last four quarters. Per our estimates, ITT’s earnings are projected to grow 21.2% year over year in 2018 and 13.7% in 2019.
Other Key Picks
Some other top-ranked stocks in the same space are listed below:
Federal Signal Corporation FSS sports a Zacks Rank of 1 (Strong Buy), currently. The company pulled off an average positive earnings surprise of 22.48% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Macquarie Infrastructure Company MIC holds a Zacks Rank #2. The company delivered an average positive earnings surprise of 8.05% over the trailing four quarters.
Crane Company CR also carries a Zacks Rank of 2. The company generated an average positive earnings surprise of 3.03% during the same time frame.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>
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
Crane Company (CR) : Free Stock Analysis Report
Federal Signal Corporation (FSS) : Free Stock Analysis Report
Macquarie Infrastructure Company (MIC) : Free Stock Analysis Report
ITT Inc. (ITT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research