Market Overview - The U.S. stock market has experienced a significant bull run over the past 18 months, with the Dow, S&P 500, and Nasdaq Composite increasing by 4.2%, 17.6%, and 24.8% year to date, respectively [1] - The S&P 400, which focuses on mid-cap stocks, is up 4.2%, while the Russell 2000, representing small-cap stocks, has only gained 0.8%, and the S&P 600 is down 2.3% year to date [1] Small Business Sentiment - High inflation and interest rates continue to impact U.S. small businesses, with 24% of respondents in the CNBC|SurveyMonkey Small Business Survey believing inflation has peaked, down from 29% in the previous quarter [1] - In the second quarter, 75% of respondents expect inflation to rise, an increase from 69% in the previous quarter [2] - Small Business Confidence remains stable at 47% in the second quarter, consistent with the first quarter and slightly above the 46% reported in the same quarter last year [3] - The NFIB Small Business Optimism Index rose to 91.5 in June from 90.5 in May, marking the highest reading this year but still below the 50-year average of 98 [3] Company Highlights - **American Axle & Manufacturing Holdings Inc. (AXL)**: Expected revenue growth of 3.1% and earnings growth of over 100% for the current year, with a 5.3% improvement in earnings estimates over the last 60 days [4][5] - **EverQuote Inc. (EVER)**: Anticipates revenue growth of 33.9% and earnings growth of over 100% for the current year, with a 25% increase in earnings estimates over the last 60 days [5] - **The Gorman-Rupp Co. (GRC)**: Expected revenue growth of 5.9% and earnings growth of 21.2% for the current year, with a 7.1% improvement in earnings estimates over the last 60 days [6] - **Root Inc. (ROOT)**: Projects revenue growth of over 100% and earnings growth of 60.6% for the current year, with a 16.2% increase in earnings estimates over the last 30 days [7] - **Enviri Corp. (NVRI)**: Expected revenue growth of 17.4% and earnings growth of over 100% for the current year, with earnings estimates improving by more than 100% over the last 60 days [8]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) this week reported impressive results from the first horizontal well on the Ubaque formation at the Carrizales Norte field in the Tapir block in Colombia that exceeded expectations. On the Carrizales Norte "B" pad, the new well, CNB HZ-1, is flowing at a restricted rate of 3,150 barrels a day gross and 1,575 net to Arrow with less than 1% water cut while still recovering load fluid.  CEO Marshall Abbott sat down with Proactive to discuss the achievement ...

Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has been notified that, for estate planning purposes, Gage Jull, Executive Chairman, and Joe McFarlane, Chief Financial Officer, have transferred the following number of common shares of nil par value from sole accounts into joint accounts with their respective spouses:Gage Jull - 5,993,50 ...

Core Viewpoint - American Axle & Manufacturing (AXL) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock price [1][2]. Earnings Estimate Revisions - For the fiscal year ending December 2024, American Axle is expected to earn $0.40 per share, reflecting a significant change of 544.4% from the previous year's reported number [5]. - Over the past three months, the Zacks Consensus Estimate for American Axle has increased by 25.3%, showcasing a steady rise in analysts' earnings estimates [5]. Zacks Rating System - The Zacks rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade to Zacks Rank 1 places American Axle in the top 5% of Zacks-covered stocks, indicating a strong potential for near-term stock price movement [7]. Market Dynamics - The correlation between changes in earnings estimates and stock price movements is strong, with institutional investors using these estimates to determine fair value, which influences their buying and selling decisions [3][6]. - The Zacks rating system maintains a balanced approach, ensuring that only the top 20% of stocks based on earnings estimate revisions receive favorable ratings, positioning American Axle as a solid candidate for market-beating returns [6].

Core Viewpoint - The article emphasizes the importance of value investing and highlights specific companies, American Axle & Manufacturing Holdings (AXL) and BorgWarner (BWA), as strong value stock picks based on their financial metrics [1][2][3] Company Analysis American Axle & Manufacturing Holdings (AXL) - AXL has a Zacks Rank of 1 (Strong Buy) and an A grade for Value [2] - The stock's Forward P/E ratio is 14.79, lower than the industry's average of 15.51 [2] - AXL's P/B ratio is 1.42, which is attractive compared to the industry's average P/B of 1.90 [2] - Over the past year, AXL's Forward P/E has ranged from a high of 36.52 to a low of -50.32, with a median of 16.16 [2] - The P/B ratio has fluctuated between a high of 1.73 and a low of 1.22, with a median of 1.42 [2] BorgWarner (BWA) - BWA is rated 2 (Buy) with a Value grade of A [2] - The stock is currently trading at a Forward P/E of 8.05, significantly lower than the industry's average of 15.51 [3] - BWA's PEG ratio is 0.79, compared to the industry's average PEG ratio of 0.71 [3] - The Forward P/E for BWA has ranged from a high of 10.16 to a low of 7.25, with a median of 8.57 [3] - BWA's P/B ratio is 1.31, which is also lower than the industry's average P/B of 1.90 [3] - The P/B ratio has varied from a high of 1.56 to a low of 1.14, with a median of 1.31 over the past year [3] Investment Outlook - Both AXL and BWA are identified as potentially undervalued stocks with strong earnings outlooks, making them attractive options for value investors [3]

Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in Deutsche Bank's Global Auto Industry Conference on June 11, 2024, with a presentation scheduled at 12:25 p.m. ET [1] - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [2] - The company is headquartered in Detroit and operates over 80 facilities across 18 countries, aiming to promote a safer and more sustainable future [2] Group 2 - AAM's presentation may include forward-looking statements and non-GAAP financial measures, with details available in their filings with the Securities and Exchange Commission [2]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, which can lead to risks if relying solely on traditional momentum parameters [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum [2] Group 2: American Axle & Manufacturing (AXL) Analysis - AXL has shown a price increase of 11.8% over the past four weeks, indicating growing investor interest [2] - The stock has gained 1.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [2] - AXL has a beta of 2.19, suggesting it moves 119% higher than the market in either direction, indicating fast-paced momentum [3] - AXL has a Momentum Score of A, suggesting it is an opportune time to invest [3] - The stock has a Zacks Rank 2 (Buy), supported by upward revisions in earnings estimates, which attract more investors [3] - AXL is trading at a Price-to-Sales ratio of 0.15, indicating it is reasonably valued at 15 cents for each dollar of sales [3] Group 3: Additional Investment Opportunities - Besides AXL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may present additional investment opportunities [4] - The Zacks Premium Screens offer over 45 strategically created options to help identify potential winning stocks [4]

Core Viewpoint - The current economic environment, characterized by low consumer confidence and labor market weakness, is leading to expectations of earlier rate cuts, although Federal Reserve officials maintain a high-rate stance for a longer period. This backdrop complicates independent stock selection and return generation [1]. Group 1: Stock Recommendations - Stocks such as Medpace Holdings, Inc. (MEDP), American Axle & Manufacturing Holdings, Inc. (AXL), Diebold Nixdorf, Incorporated (DBD), Euronet Worldwide, Inc. (EEFT), and Omnicom Group Inc. (OMC) are highlighted as potential investment opportunities [1]. - Medpace's earnings estimates for 2024 have been revised upward by 6.6% over the past 30 days, with a broker rating upgrade of 16.7% in the last four weeks, and it holds a Zacks Rank of 1 [4]. - American Axle & Manufacturing's 2024 earnings estimates have seen a 26.7% upward revision in the past 30 days, with a broker rating upgrade of 12.5% and a Zacks Rank of 2 [5]. - Diebold Nixdorf's 2024 earnings estimates have jumped 47% upward over the past 30 days, with a 50% upward revision in broker ratings and a Zacks Rank of 1 [6]. - Euronet's 2024 earnings estimates have been revised upward by 2% in the past month, with an 11.1% broker rating upgrade and a Zacks Rank of 2 [6]. - Omnicom's 2024 earnings estimates have been revised upward by 1.4% over the past 30 days, with an 18.2% broker rating upgrade and a Zacks Rank of 2 [7]. Group 2: Broker Insights - Brokers have a deeper insight into company operations as they communicate directly with top management and assess publicly available documents [2]. - They evaluate company fundamentals against the current economic backdrop to predict stock performance [2]. - While broker upgrades can be reliable, a comprehensive investment portfolio should consider multiple factors beyond just broker recommendations [2]. Group 3: Screening Strategy - A screening strategy is proposed to identify potential winning stocks, including criteria such as broker rating upgrades of 1% or more in the last four weeks, current price above $5, average 20-day volume greater than 100,000, Zacks Rank of 1 or 2, and VGM Score of A or B [3].

American Axle & Manufacturing (AXL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this maker of auto parts reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong co ...