Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Thor (THO) and Navistar (NAV) deliver earnings beat in their latest quarterly results. Meanwhile, Ford (F) reveals a new compact truck, Maverick, which is set to go on sale this fall.
Thor Industries (THO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.