Top Stock Picks for the Week of Nov 19, 2018
Planet Fitness, Inc. PLNT operates over 1600 fitness clubs in the United States. Because it is solely a domestic play, it isn’t subject to the tariff or trade war issues facing other growth companies like those in technology. Shares are still up 54% year-to-date and got a boost after the third quarter earnings report where it beat the estimate again. This is a growth play, as the stock has a forward P/E of 44. Planet Fitness is currently a Zacks Rank #3 (Hold).
JP Morgan Chase & Co. JPMis one of the largest banks in the United States. The big banks are cheap. JP Morgan trades with a forward P/E of only 11.9. It’s not surprising that Warren Buffett’s Berkshire Hathaway bought the stock in the third quarter. Earnings are expected to rise 35% in 2018 and another 9% in 2019. JP Morgan is a Zacks Rank #2 (Buy).
Should these two companies be on your investing short list? Find out in this week’s video.
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