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Smart & Final Stores (SFS) Jumps: Stock Rises 9.8%

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Stock Market News For Nov 16, 2018

Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes

Smart & Final Stores, Inc. SFS was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 26.8% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past few months, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Smart & Final Stores currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

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A better-ranked stock in the Food - Miscellaneous industry is Medifast, Inc. MED, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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