For Immediate Release
Chicago, IL – November 6, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Snap Inc. SNAP, Good Times Restaurants GTIM, Ericcson ERIC, Trivago N.V. ADS TRVG and Spark Energy, Inc. SPKE.
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Here are highlights from Monday’s Analyst Blog:
5 of the Best Stocks Under $10 for 2019
Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.
That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced shares. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.
Moreover, recent volatility in the stock market has lowered valuations and taken several notable stocks under mental per-share thresholds as investors start to look toward the New Year. Today we’ve highlighted five stocks that are currently trading for under $10 per share.
All of these stocks currently sport a Zacks Rank #2 (Buy) or better, and the selected companies are showing signs of outpacing the market throughout the remainder of the calendar year—and more importantly, into 2019.
Check out these five great stocks under $10 for 2019:
1. Snap Inc.
Prior Close: $6.82
Snap is the parent company of Snapchat, a popular picture and video messaging mobile application. It is no secret that Snap has struggled since its IPO in the face of stiff competition from bigger social media companies, but the firm is finally starting to win analyst favor. Estimates for its fiscal 2019 have improved, and while Snap is still likely to be in the red, our EPS consensus is calling for a bottom-line improvement of 37%.
That would come on the back of 34% revenue growth, which is expected on top of the 41% sales growth this year is estimated to see. Strong earnings and revenue growth should help this stock find a bottom and surge into the New Year. Shares of this #2 (Buy)-ranked company have already ticked higher since its latest earnings report.
2. Good Times Restaurants
Prior Close: $4.35
Good Times is a chain of fast-food restaurants known for their premium burgers and frozen custard. The company also owns the fast-casual Bad Daddy’s Burger Bar chain. It is primarily a regional play, with most locations operating in Colorado. GTIM is currently holding a Zacks Rank #1 (Strong Buy) and sports an “A” grade for Growth in our Style Scores system. Current estimates have EPS results improving 39% this year and 86% in the upcoming fiscal year. GTIM is also a low-priced momentum play after soaring more than 31% in six months.
Prior Close: $8.90
Ericsson is a world-leading supplier in the telecommunications and data communications industries, offering advanced solutions for mobile and fixed networks, as well as consumer products. ERIC is sporting a #1 (Strong Buy) with just two months left in the year, and its “A” grade in our Growth category adds to that promise going forward.
Earnings growth is expected to reach nearly 160% in 2018, and early estimates have that figure improving another 47% in the next fiscal year. The stock also seems to be reasonably valued, as evidenced by its P/S ratio of 1.2. This stock warrants a look while it is still cheap.
4. Trivago N.V. ADS
Prior Close: $7.44
Trivago is a travel booking website. Based in Germany, it offers deal-oriented service related to booking hotels and lodging to a wide global user base. TRVG was battered in the second half of last year, but that selling found a stopping point this summer, and the stock has since rallied more than 80% from its lows. This #2 (Buy) firm now has momentum and growth characteristics going into 2019, where earnings are expected to inch into the green and improve roughly 113% from the current year’s projected totals. On a long-term basis, analysts see Trivago notching an annualized growth rate of 7.5%.
5. Spark Energy, Inc.
Prior Close: $7.84
Spark Energy is an independent energy services company, offering customers alternative options for their in-home natural gas and electricity services. SPKE is sporting a #2 (Buy), as well as “A” grades in our Value and Growth categories. Recent volatility showed that a utility might be a worthwhile holding heading into 2019—especially one at a decent valuation with growth prospects. Moreover, Spark presents a dividend yield of more than 9.2% right now, so investors can rest easy knowing their portfolio is generating cash.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Spark Energy, Inc. (SPKE) : Free Stock Analysis Report
Trivago N.V. ADS (TRVG) : Free Stock Analysis Report
Snap Inc. (SNAP) : Free Stock Analysis Report
Ericsson (ERIC) : Free Stock Analysis Report
Good Times Restaurants Inc. (GTIM) : Free Stock Analysis Report
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