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Top Stock Picks for Week of December 7, 2020

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Panel Of Zacks Experts
·2 min read
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DICK’S Sporting Goods Inc. DKS, operates as a major omni-channel sporting goods retailer. Shares of DICK’S Sporting have outpaced the industry in the past three months on solid third-quarter fiscal 2020 results, wherein both top and bottom lines improved year over year. Favorable customer demand, a solid product portfolio and strength in the online platform aided results. Strength in its core categories, including hardlines, apparel and footwear also bode well. The company notes that comps momentum continued in the fourth quarter driven by healthy demand. Further, e-commerce continues to gain from strong online demand and improved omnichannel capabilities, including curbside pickup services and BOPIS. DICK’S Sporting boasts a good history of returning value to shareholders. The company recently announced to resume dividend payment after it had suspended dividend payments in wake of the ongoing pandemic.This is boosting shareholder confidence.

Ternium TX, is the leading producer of flat and long steel products of Latin Americaand consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. This various steel products provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing by triple digits recently. It’s been seeing solid activity on the earnings estimate front. Ternium beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The Zacks Consensus Estimate for the current year has been revised upward significantly over the last 60 days. The stock has also shot up by double digits over the past six months. TX may be an interesting play thanks to its forward PE and its decent dividend yield.


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