For Immediate Release
Chicago, IL – June 4, 2013 – Stocks featured in this week’s Zacks Industry Rank analysis include Noah Holdings Ltd (NOAH) and Gamco Investors (GBL).
Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity Strategist, Zacks.com.
Investing in Investing
With the world looking back to rebounding markets in search of earnings, those in the business of providing investment insights are seeing a boost in earnings of their own. Over the past several weeks, the Zacks Industry Ranking of financial investment services has held its ground near the top of the list and, this past week alone, moved up eight positions.
Financial Investment Management now enjoys a Zacks Industry Rank of #29.
Recently, this industry of 36 companies has benefited from 76 positive revisions to annual earnings estimates, compared to 25 negative revisions. With these positive estimate revisions averaging +24%, there are indications of sector-wide movement. Downward earnings surprises have been seen as well, but the recent performance of a few select companies is certainly worthy of a closer look.
One common thread between these two companies is their servicing of high-net worth individuals and groups. Those with wealth are sensing new opportunities and engaging experienced advisors to assist in taking advantage. Compounding this are the new revenues seen with the implementation of successful strategies.
Both of the following companies have seen revisions this week in their Zacks Rank. Upward movement in rank from a Buy to a Strong Buy signals that a stock may be on the move higher following future positive earnings estimate revisions. This understanding can assist in grasping not only the direction of a particular company, but wider trends within a sector as well. Both of these businesses have been revised upward to a current Zacks Rank #1 (Strong Buy) and both hold a Zacks Recommendation of “Outperform.”
If nothing else, these companies have demonstrated that managing investments can pay off. What better reason to learn more about managing your own?
Noah Holdings Ltd (NOAH)
NOAH is a Zacks Rank #1 (Strong Buy). It was raised within the last week from Zacks Rank #2 (Buy) and reports earnings on August 7, 2013.
Noah Holdings Ltd., through its subsidiaries, is engaged in providing independent services primarily comprising of distribution of wealth management products to the high net worth population in China. It distributes over-the-counter wealth management products, which mainly include fixed income products, private equity funds and securities investment funds.
Playing strongly in favor of Noah Holdings Ltd. is an 86% increase in the number of clients year-over-year, combined with a 63% increase in the value of their wealth management products. With China’s massive population and the growing economic status of its people, this trend looks to continue.
NOAH pays a dividend of 1% and their most recent earnings surprise was +112%.
Gamco Investors (GBL)
GBL is a Zacks Rank #1 (Strong Buy), climbing up from Zacks Rank #2 (Buy) just last week. This company reports quarterly earnings on August 6, 2013.
GAMCO Investors, Inc., through its subsidiaries, manages assets in private advisory accounts, mutual funds, closed-end funds, partnerships and offshore funds. They service high net worth individuals, institutions and pension plans. Gamco has seen particular strength with its institutional and private wealth management business, rising 14% since March 2012.
GBL pays a dividend of 0.37% and their most recent earnings surprise was +17.86% for Q1.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2564.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=2565.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Terry Ruffolo
More From Zacks.com