Production at U.S. factories has started showing signs of rebounding although it remains less than the year-ago levels. Industrial production rose an impressive 0.5% in February after declining 1.1% in January, and surpassed analysts’ expectations of a rise of 0.3%, the Federal Reserve said on Mar 15.Production at U.S. factories had increased 0.1% in December after a difficult 2023 that saw manufacturing output shrinking. Manufacturing output in February also rebounded, increasing 0.8% after declining 1.1% ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Core Insights - The article emphasizes the importance of utilizing Zacks Premium for investors to enhance their stock market strategies and confidence in investing [1] Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each designed to help investors identify stocks with the best potential for market outperformance [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score assesses a company's future prospects based on projected earnings and sales growth [2] - The Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [2] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to facilitate stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - The combination of Zacks Rank and Style Scores aids investors in narrowing down their stock choices from over 800 top-rated stocks [4][5] Stock Highlight: Applied Industrial Technologies (AIT) - Applied Industrial Technologies, Inc. is a distributor of industrial products, primarily serving OEM and MRO customers in regions including North America and Australia [6] - AIT holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating strong growth potential [6][7] - The company is projected to achieve a year-over-year earnings growth of 7.7% for the current fiscal year, with a recent increase in earnings estimates [6]

phive2015 Investment Thesis Applied Industrial Technologies, Inc.’s (NYSE:AIT) revenue growth should benefit from easing year-over-year comparisons beginning in the second half of fiscal 2024. In addition, a potential rebound across the technology vertical and strength in the rest of the end markets supported by secular trends and associated government stimulus funds should drive revenue growth in the coming quarters. Further, the company’s continuous focus on enhancing cross-selling opportunities and e ...

Applied Industrial Technologies, Inc. (AIT) is benefiting from strength across its end markets, accretive acquisitions and shareholder-friendly moves.Let’s delve into the factors that make this current Zacks Rank #2 (Buy) company a smart investment choice at the moment.Growth CatalystsBusiness Strength: Solid momentum across the food and beverage, lumber and wood, mining, pulp and paper, energy, utilities and refining end markets is aiding Applied Industrial. The Service Center Based Distribution segment is ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the utility of a "Recent Price Strength" screen to identify stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Applied Industrial Technologies (AIT) has shown a solid price increase of 17.4% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - AIT has also maintained a price increase of 6.5% over the last four weeks, suggesting that the upward trend is still intact [2]. - Currently, AIT is trading at 96% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - AIT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that AIT may not experience a trend reversal soon, making it a viable option for trend investors [4]. - In addition to AIT, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [4]. - The article encourages investors to explore over 45 Zacks Premium Screens tailored to different investing styles, emphasizing the importance of historical profitability in stock-picking strategies [4].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks S ...

Company Overview - Applied Industrial Technologies, Inc. is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products, and miscellaneous industrial supplies [7] - The company's products are primarily sold to original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO) customers in regions such as Australia, North America, Singapore, and New Zealand [7] Investment Ratings - AIT holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating a solid investment opportunity [7][8] - The company is particularly appealing to growth investors, with a Growth Style Score of A, forecasting year-over-year earnings growth of 8.6% for the current fiscal year [7] Earnings Estimates - In the last 60 days, one analyst revised their earnings estimate for AIT upwards, with the Zacks Consensus Estimate increasing by $0.07 to $9.50 per share [7] - AIT has demonstrated an average earnings surprise of 10.4%, suggesting strong performance relative to expectations [7]

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...