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Zacks Market Edge Highlights: Blackberry, Helen of Troy, NETGEAR, Duck Creek Technologies and Solo Brands

·7 min read

For Immediate Release

Chicago, IL – February 3, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1861512/5-strong-buy-stocks-near-their-52-week-lows

5 Strong Buy Stocks Near Their 52-Week Lows

Welcome to Episode #301 of the Zacks Market Edge Podcast.

  • (1:10) - Learning How The Zacks Ranking System Works

  • (10:30) - Stocks On Sale: Finding Stocks With Rising Earnings During A Stock Selloff

  • (27:15) - Episode Roundup: AAPL, NFLX, BB, HELE, NTGR, DCT, DTC

  • Podcast@Zacks.com

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is going solo to talk about the Zacks Rank. How does it work? Why are some Zacks Rank #1 (Strong Buy) stocks selling off big in 2022?

Shouldn’t being a Strong Buy mean something?

What is the Zacks Rank?

The Zacks Rank was created in 1978 by Len Zacks, the founder of Zacks Investment Research. It processes analyst earnings estimates from roughly 3,000 analysts at 150 brokerage firms on over 4400 companies.

The Zacks Rank is based on revisions to analyst earnings estimates. When several analysts are all raising full year earnings estimates at the same time, it says something bullish might be going on at that company.

Similarly, if several analysts are all cutting estimates at the same time, maybe investors should take a closer look at the company to see what is going on. Those stocks are Zacks Rank #5 (Strong Sells).

The Zacks Rank is a short-term recommendation of 1 to 3 months and can change daily.

Screening for Zacks Strong Buy Stocks Near Their Lows

Using Zacks stock screener, Tracey searched for Zacks #1 (Strong Buys) and stocks trading within 10% of their 52-week lows.

How could a company have a high Zacks Rank but the Street was selling it off anyway?

There were 12 companies that fit the parameters.

5 Strong Buy Stocks Trading Near Their 52-Week Lows

1.       Blackberry BB

Blackberry shares are down 13% year-to-date but have slid nearly 20% in the last 6 months.

Yet Blackberry is a Zacks Strong Buy. 1 estimate has been revised higher in the last 60 days.

Blackberry’s Zacks Consensus Estimate has moved higher during that time, rising to a loss of $0.13 from a loss of $0.20.

But is one estimate revision enough for you to be a buyer of Blackberry at these levels?

2.       Helen of Troy HELE

Helen of Troy, which makes consumer brands in housewares, health & home and beauty, including some of the best-known brands such as Dry Bar, Hydro Flask and OXO, has seen its shares slide 14.3% year-to-date.

But the analysts are much more bullish on Helen of Troy. 3 estimates are higher in the last 30 days for fiscal 2022, pushing up the Zacks Consensus Estimate to $11.72 from $11.30.

Helen of Troy shares aren’t dirt cheap, with a forward P/E of 17.8.

Is valuation an issue with Helen of Troy, even after the sell-off?

3.       NETGEAR NTGR

NETGEAR is a network solutions company that makes wifi routers, cable modems and mobile wireless products.

NETGEAR shares have fallen 5.3% in 2022 but are down 33% over the last year.

It’s about to report earnings but one analyst has raised full year 2021 estimates in the last week. It has pushed up the 2021 Zacks Consensus Estimate to $2.29 from $2.27.

NETGEAR is cheap, with a forward P/E of 14.8.

Will NETGEAR keep its #1 Rank after it reports earnings?

4.       Duck Creek Technologies DCT

Duck Creek Technologies is a provider of core system solutions to the property & casualty and general insurance industry. It’s product is Duck Creek OnDemand, an enterprise software solution.

Shares of Duck Creek Technologies have fallen 13.2% year-to-date but are down 47% in the last year.

Analysts are bullish, however. 5 estimates have been revised higher for fiscal 2022 in the last month. None were lowered.

Duck Creek Technologies is now expected to make $0.09 for the year, up from $0.06.

Should Duck Creek Technologies be on your watch list?

5.       Solo Brands DTC

Solo Brands, is a digitally connected commerce business which owns 4 hot brands including Solo Stove, chubbies, ORU Kayak and ISLE. Solo Stove makes fire pits.

On Jan 10, Solo Brands announced that its Solo Stove brand saw organic revenue of $361 million for the year, up 170% year-over-year.

Yet shares of this newly public company have fallen 23% year-to-date.

Analysts remain bullish, however. 5 estimates have been revised higher for 2022 in the last 30 days, pushing Solo Brands’ 2022 Zacks Consensus Estimate up to $1.04 from $0.93.

Solo Brands trades with a forward P/E of just 10.7.

Is the market getting Solo Brands all wrong?

What Else Should You Know About the Zacks Rank and How to Use it to Find Stocks?

Tune into this week’s podcast to find out.

Just Released: Zacks' 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that have beaten the market more than 2X over with a stunning average gain of +25.3% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

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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.


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
 
NETGEAR, Inc. (NTGR) : Free Stock Analysis Report
 
Duck Creek Technologies, Inc. (DCT) : Free Stock Analysis Report
 
Helen of Troy Limited (HELE) : Free Stock Analysis Report
 
BlackBerry Limited (BB) : Free Stock Analysis Report
 
Solo Brands, Inc. (DTC) : Free Stock Analysis Report
 
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