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 ...

Investors might want to bet on American Axle & Manufacturing (AXL) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since ...

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.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

DETROIT, June 4, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in Deutsche Bank's Global Auto Industry Conference on June 11. AAM is scheduled to present at 12:25 p.m. ET. A live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE: AXL) designs, engineers and manu ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Given low consumer confidence and weakness in the labor market, the markets are predicting rate cuts sooner than previously expected. The Federal Reserve officials, though, are still maintaining their stance that rates will remain high for a longer period. Amid such a macroeconomic backdrop, it becomes difficult to choose stocks independently and generate robust returns.For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out h ...

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 ...