U.S. Markets closed

Top Stock Picks for Week of July 15, 2019

Panel Of Zacks Experts

Best Buy BBY, is a leading retailer of technology products, services and solutions. Shares of Best Buy have outpaced the industry year to date, driven by impressive surprise history. Notably, the bottom line beat the Zacks Consensus Estimate for the sixth quarter in a row during first-quarter fiscal 2020. Meanwhile, sales came in line along with decent comparable sales growth. Further, Best Buy’s extensive investments in the operational upgrades with special focus on developing omnichannel capabilities, supply chain and cost- reduction opportunities coupled with strengthening partnerships with vendors bode well.  Management retained its outlook for fiscal 2020 considering the recent increase in tariffs on products worth $200 billion imported from China.  

Netflix Inc. NFLX, is a provider of Internet television (streaming services) and DVD-rental services. Netflix shares have outperformed the industry on a year-to-date basis. The company’s strong subscriber addition rate reflects growing appeal of the streaming platform, primarily driven by a solid content portfolio. The company has positive record of earnings surprises in recent quarters. Analyst estimates for this company are on the rise. Rapid international expansion has paid off for Netflix. Investors expect the second-quarter 2019 earnings call to provide a sneak peek into Netflix’s content plans and spending strategy.  

Radical New Technology Creates $12.3 Trillion Opportunity

Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.

Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
 
See the 7 breakthrough stocks 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
 
Netflix, Inc. (NFLX) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research