U.S. Markets closed

The Zacks Analyst Blog Highlights: Whirlpool, Snap-on, World Wrestling Entertainment, Sirius XM and Wyndham Hotels & Resorts

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·7 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

For Immediate Release

Chicago, IL – April 21, 2021 – 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: Whirlpool Corp. WHR, Snap-on Inc. SNA, World Wrestling Entertainment Inc. WWE, Sirius XM Holdings Inc. SIRI and Wyndham Hotels & Resorts Inc. WH.

Here are highlights from Tuesday’s Analyst Blog:

Top 5 Consumer Discretionary Stocks Set to Beat on Q1 Earnings

First-quarter 2021 earnings are in full swing and market participants are watching the results closely as the last quarter was a strong one both in terms of economic data and stock market performance. Corporate profits in the first quarter and their guidance will be thoroughly scrutinized by financial experts and economists to gauge whether the U.S. economy will return to the pre-pandemic level by mid-2021.

Meanwhile, five Consumer Discretionary stocks with a favorable Zacks Rank are set to beat on earnings this month. Investment in these stocks should provide good returns going forward.

Consumer Discretionary Sector in Q1

The consumer discretionary sector comprises businesses that sell goods and services, which are considered non-essential by consumers. These are the products that consumers can avoid without any major consequences to their well-being. In fact, these goods are desirable only if the available income of an individual is sufficient to purchase them.

Several positive developments took place last quarter. First, the U.S. government ramped up nationwide COVID-19 vaccination on a priority basis. The speeding up of the process implies faster-than-expected reopening of the U.S. economy. This along with the easing of COVID-19 infections has boosted business activities.

Second, the two major fiscal stimuli, the $900 billion of the second-round of government aid package approved in late December and a fresh round of a massive $1.9 trillion coronavirus relief package approved by the Biden administration in February have significantly strengthened the U.S. economy.

The consumer discretionary sector has benefited due to these positives. Consequently, the Consumer Discretionary Select Sector SPDR, one of the 11 broad sectors of the market's benchmark the S&P 500 Index, was up 4.7% last quarter.

Our Top Picks

We have narrowed down our search to five consumer discretionary stocks slated to release earnings results this month. Each of these stocks carries a Zacks Rank # 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after the earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Whirlpool manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company has an Earnings ESP of +1.39%.

Whirlpool has an expected earnings growth rate of 9.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 30 days. It has a trailing four-quarter earnings surprise of 67.8%, on average. The company is set to release earnings results on Apr 21, after the closing bell.

Snap-on manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company has an Earnings ESP of +5%.

Snap-on has an expected earnings growth rate of 8.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 30 days. It has a trailing four-quarter earnings surprise of 18.8%, on average. The company is set to release earnings results on Apr 22, before the opening bell.

World Wrestling Entertainment is an integrated media and entertainment company, engaged in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The company has an Earnings ESP of +11.11%.

World Wrestling Entertainment has an expected earnings growth rate of 1.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.3% over the last 7 days. It has a trailing four-quarter earnings surprise of 81.6%, on average. The company is set to release earnings results on Apr 22, after the closing bell.

Sirius XM Holdings is a radio broadcasting company that creates and broadcasts a variety of content such as commercial-free music, premier sports and live events, news and comedy and exclusive talk and entertainment shows.

The company has an Earnings ESP of +12.9%. Sirius XM has an expected earnings growth rate of 4% for the current year. It has a trailing four-quarter earnings surprise of 20%, on average. The company is set to release earnings results on Apr 28, before the opening bell.

Wyndham Hotels & Resorts operates as a hotel franchisor primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, the UK, the Caribbean and Margarita Island in Venezuela. It operates through the Hotel Franchising and Hotel Management segments. The company has an Earnings ESP of +2.82%.

Wyndham Hotels & Resorts has an expected earnings growth rate of 96.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.5% over the last 7 days. It has a trailing four-quarter earnings surprise of 120.3%, on average. The company is set to release earnings results on Apr 28, after the closing bell.

+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities

In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.

Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.

Click here to download this report FREE >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

https://www.zacks.com                                          

 

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.


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
 
Whirlpool Corporation (WHR) : Free Stock Analysis Report
 
SnapOn Incorporated (SNA) : Free Stock Analysis Report
 
Sirius XM Holdings Inc. (SIRI) : Free Stock Analysis Report
 
World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report
 
Wyndham Hotels & Resorts Inc. (WH) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research