In today’s show, we look at three stocks
Coming up, LabCorp ($LH) and Nike ($NKE) but first up on the ramp is Lithia Motors ($LAD).
Lithia Motors, Inc. LAD is a leading provider of individual transportation services in the United States that might be an interesting play for traders. That is since, not only does the stock have respectable short-term momentum, but it is seeing solid activity on the profits estimate revision front too.
These favourable profits estimate revisions propose that analysts are becoming more optimistic on LAD’s earnings for the upcoming quarter and year. In fact, consensus estimations have shifted sharply bigger for both of these time frames over the previous 4 weeks, suggesting that Lithia Motors could be a strong choice for traders.
Current Quarter Estimates for Lithia Motors.
In the past 30 days, three estimates have gone higher for Lithia Motors while none have gone lower in the same amount of time. The pattern has been pretty positive too, with estimations raising from $3.89 a share one month ago, to $6.20 right now, a shift of 59.9%.
Present Year Estimates for Lithia Motors.
At The Same Time, Lithia Motors’s current year figures are also seeming rather appealing, with 3 quotes moving higher in the previous month, compared to zero decreased. The agreement estimate trend has also experienced a boost for this time frame, rising from $13.36 per share one month ago to $16.30 per share right now, an increase of almost 22%.
The stock has also begun to shift higher recently, providing nearly 17% over the previous 4 weeks, suggesting that investors are starting to take note of this particular outstanding story. So, traders might want to think about this Stock Market Oracle stock to profit in the near future.
Just Do It
We also take another look at the data coming out of the super brand Nike ($NKE). We first looked at Nike a few months ago and skipped the chance to get in – Covid has added another layer of caution this year.
Finally today we will revisit LabCorp ($LH). We added LabCorp to the portfolio last month after it passed nine out of our ten filters. How’s it doing a month later – find out in today’s video.