Top Stock Picks for Week of March 29, 2021
Danaos Corporation DAC is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. Shares have been on the move over the past month. The stock hit a new 52-week high recently. Danaos has gained by a triple digit percentage since the start of the year compared to the Zacks Transportation sector’s single digit gain and the double digit return for the Zacks Transportation - Shipping industry.The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. Fundamentals look promising.
Penumbra, Inc. PEN is an interventional therapies company. It designs, develops, manufactures and markets medical devices. The Zacks Consensus Estimate for PEN's full-year earnings has moved higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the most recent data, PEN has returned solid double digits so far this year. Penumbra, Inc. recently announced the commercial availability of its INDIGO System Lightning 7 in the United States. Notably, Lightning 7 is designed for single session arterial thrombus removal. Penumbra recently reported that the solid performance of Lightning products drove strong growth in the vascular segment.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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