The second quarter is turning out to be a really strong quarter overall. The broad trends are pretty clear from here with the S&P 500 (as a representative group) showing big revenue increases and smaller earnings beats than we have been seeing of late.
But some companies have stood out from the rest, reporting record revenue and earnings with more to come. And this has happened despite the supply-side constraints because demand has been overwhelmingly strong.
The delta variant remains a concern however, which could be why some stocks are still undervalued. And to be undervalued on the basis of earnings growth is actually an investment opportunity.
Here are a few examples-
Dillard’s, Inc. (DDS Quick QuoteDDS )
Dillard’s is a large departmental store chain featuring fashion apparel and home furnishings. As of Jul 31, 2021, it had about 249 namesake outlets and 31 clearance centers across 29 states mainly in the Southwest, Southeast and Midwest regions of the United States. Merchandize is also sold through the Internet at www.dillards.com.
Hot Undervalued Stocks To Watch For 2021: Armstrong World Industries Inc(AWI)
Armstrong World Industries, Inc. (“AWI” or the “Company”) is a Pennsylvania corporation incorporated in 1891. When we refer to “we,” “our” and “us” in this report, we are referring to AWI and its subsidiaries.
We are a leading global producer of flooring products and ceiling systems for use primarily in the construction and renovation of residential, commercial and institutional buildings. We design, manufacture and sell flooring products (primarily resilient and wood) and ceiling systems (primarily mineral fiber, fiberglass and metal) around the world.
On February 23, 2015, we announced that our board of directors unanimously approved a plan to separate our Resilient Flooring and Wood Flooring segments from our Building Products (Ceilings) segment. The separation will be effected by allocating the assets and liabilities related primarily to the Resilient Flooring and Wood Flooring segments to Armstrong Flooring, Inc. Advisors’ Opinion:
- [By Motley Fool Transcribers]
Armstrong World Industries Inc (NYSE:AWI)Q12019 Earnings CallApril 29, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Lee Samaha]
The move can be put down to an improvement in sentiment toward the homebuilding products sector. After all, Beacon Roofing Supply (NASDAQ:BECN) gained 15%, while other housing stocks in the sector, such as ceilings company Armstrong World Industries (NYSE:AWI) and plumbing products company Masco(NYSE:MAS), also went up by double digits in the month.
- [By Stephan Byrd]
Armstrong World Industries Inc (NYSE:AWI) insider Valueact Capital Master Fund, sold 30,000 shares of Armstrong World Industries stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $70.11, for a total transaction of $2,103,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
- [By Joseph Griffin]
Alps Advisors Inc. bought a new position in Armstrong World Industries Inc (NYSE:AWI) during the second quarter, Holdings Channel reports. The fund bought 9,639 shares of the construction company’s stock, valued at approximately $584,000.
Hot Undervalued Stocks To Watch For 2021: NOW Inc.(DNOW)
NOW Inc. (“NOW” or the “Company”), headquartered in Houston, Texas, was incorporated in Delaware on November 22, 2013. On May 30, 2014, the spin-off from National Oilwell Varco, Inc. (“NOV”) was completed and NOW became an independent, publicly traded company (the “Spin-Off” or “Separation”). In accordance with a separation and distribution agreement between NOV and NOW, the two companies were separated by NOV distributing to its stockholders 107,053,031 shares of common stock of NOW Inc. with each NOV stockholder receiving one share of NOW common stock for every four shares of NOV common stock held at the close of business on the record date of May 22, 2014 and not sold prior to close of business on May 30, 2014. We filed a registration statement on Form 10, as amended through the time of its effectiveness, describing the Spin-Off, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 13, 2014. Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on NOW (DNOW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on NOW (DNOW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
NOW (NYSE:DNOW) had its target price lifted by equities researchers at Cowen from $12.00 to $15.00 in a report released on Friday. The brokerage currently has a “market perform” rating on the oil and gas company’s stock. Cowen’s target price indicates a potential downside of 10.87% from the company’s previous close.
Hot Undervalued Stocks To Watch For 2021: Innophos Holdings, Inc.(IPHS)
Innophos Holdings, Inc., through its subsidiaries, produces performance-critical and nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care, and industrial end markets. It operates through Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other segments. The companys specialty ingredients include specialty phosphate salts, specialty phosphoric acids, and other mineral and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture additives in cheeses; leavening agents in baked goods; mineral and botanical sources for nutritional supplements; pharmaceutical excipients; and cleaning agents in toothpaste, as well as in industrial applications, such as asphalt modification and petrochemical catalysis. It also provides food and technical grade purified phosphoric acid (PPA) used in the production of fertilizer, and specialty phosphate salts and acids, as well as in beverage and water treatment applications; technical grade sodium tripolyphosphate (STPP), a specialty phosphate, which is used as an ingredient in cleaning products, such as industrial and institutional cleaners, automatic dishwashing detergents, and consumer laundry detergents, as well as in water treatment, clay processing, and copper ore processing activities; and detergent grade PPA that is primarily used in the production of STPP. In addition, the company offers granular triple super-phosphate (GTSP), a fertilizer product line used for enhancing crop yields in various agricultural sectors. It serves primarily consumer goods manufacturers, distributors, and specialty chemical manufacturers in the United States, Canada, Mexico, and internationally. Innophos Holdings, Inc. was founded in 2004 and is headquartered in Cranbury, New Jersey.
Advisors’ Opinion:
- [By Shane Hupp]
AZZ Inc (NYSE:AZZ) declared a quarterly dividend on Friday, October 5th, Zacks reports. Shareholders of record on Tuesday, October 16th will be paid a dividend of 0.17 per share by the industrial products company on Tuesday, October 30th. This represents a $0.68 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, October 15th.
- [By Motley Fool Transcription]
AZZ Inc. (NYSE:AZZ)Q2 2019 Earnings Conference CallOct. 9, 2018, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Garrett Baldwin]
Well,Money MorningSpecial Situations Strategist Tim Melvin has broken these secrets out of the vault of the Smart Money managers.And he’s sharing theMax Wealthsecrets for freeright here.
The Top Stock Market Stories for Tuesday
In addition to slashing its global growth forecast, the IMF also cut expectations for the economies of Argentina, Brazil, Mexico, Iran, and Turkey. Emerging economies are facing higher capital outflows, rising interest rates, and increased debt pressures.The ongoing rise of the U.S. dollar has raised the borrowing costs of emerging markets as their currencies depreciated against the greenback. The IMF also had said America’s international trade policies could slow global growth by an additional 0.8% in 2020. Italian populists are raising red flags over the new coalition government’s 2019 budget and expected deficit targets. The government has said that it will target a 2.4% GDP deficit next year, followed by declines to 2.1% and 1.8% in 2020 and 2021, respectively. Italian bonds surged to their highest levels since 2014. U.S. President Donald Trump is expected to fulfill a campaign promise to eliminate a ban on ethanol blending during summer driving season. The policy is aimed at providing a boost to Corn Belt Republicans, who are facing tight Congressional races. Trump’s ongoing trade battle with China and Europe has suppressed corn and soybean prices due to China’s retaliatory tariffs on U.S. agricultural commodities.
Stocks to Watch Today: PZZA, FB, GOOGL
This morning, shares of Papa John’s International Inc. (NASDAQ: PZZA) jumped 12% on speculation that a major hedge fund could buy more than just a slice of the company. Multiple reports indicate that Trian Fund Management is considering a bid to purchase the company. The company remains in a massive spat after booting its founder and former CEO John Schnatter, who was ousted earlier this year after making controversial statements during a conference call. Schnatter
Hot Undervalued Stocks To Watch For 2021: Winnebago Industries Inc.(WGO)
Winnebago Industries, Inc. manufactures and sells recreation vehicles primarily for leisure travel and outdoor recreation activities. The company offers motor homes, which are self-propelled mobile dwellings that provide living accommodations for approximately seven persons and include kitchen, dining, sleeping, and bath areas, as well as a lounge; and optional equipment accessories, such as generators, home theater systems, king-size beds, upholstery, and interior equipment. It manufactures motor homes constructed directly on medium- and heavy-duty truck chassis, which include engine and drivetrain components; and on van-type chassis onto which the motor home manufacturer constructs a living area with access to the driver’s compartment under the Winnebago and Itasca brand names, as well as panel-type vans with sleeping, kitchen, and/or toilet facilities under the Era brand name. The company also produces original equipment manufacturing parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. Winnebago Industries markets its motor homes through independent dealers primarily in the United States and Canada. The company was founded in 1958 and is headquartered in Forest City, Iowa.
Advisors’ Opinion:
- [By Motley Fool Transcribing]
Winnebago Industries (NYSE:WGO) Q2 2019 Earnings Conference CallMarch 25, 2019 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Max Byerly]
Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at SunTrust Banks lowered their Q2 2019 EPS estimates for shares of Winnebago Industries in a research note issued on Tuesday, February 5th. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $0.65 per share for the quarter, down from their prior forecast of $0.67. SunTrust Banks currently has a “Positive” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for Winnebago Industries’ FY2019 earnings at $3.70 EPS and FY2020 earnings at $4.15 EPS.
