The manufacturing sector is finally showing signs of recovery as new orders and production continue to increase. Manufacturing activity increased in March to its highest level in one-and-a-half years although raw material prices remained high and employment subdued.Manufacturing Sector Poised to GrowThe Institute for Supply Management’s (ISM) survey on Apr 1 suggests that the sector, which took a major hit owing to higher interest rates, is rebounding at a solid pace. The ISM said that its manufacturing PMI ...

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.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

Have you been paying attention to shares of Applied Industrial Technologies (AIT) ? Shares have been on the move with the stock up 1.9% over the past month. The stock hit a new 52-week high of $194.37 in the previous session. Applied Industrial Technologies has gained 11.6% since the start of the year compared to the 8.2% move for the Zacks Industrial Products sector and the 8.5% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has an impressive re ...

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 ...