Why Nov Inc. (NOV) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market in the next 30 days [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, focusing on finding undervalued stocks [2] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Score helps investors capitalize on price trends, using metrics like weekly price changes and monthly earnings estimate changes [3] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating based on value, growth, and momentum [3] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - There are over 800 top-rated stocks available, making selection challenging for investors [4] Investment Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [5] - Stocks with lower ranks but high Style Scores may still carry risks if earnings forecasts are declining [5] Company Spotlight: NOV Inc. - NOV Inc., based in Houston, TX, is a leader in oil and gas drilling and production systems, aiming to reduce industry costs [6] - Currently rated 3 (Hold) by Zacks, NOV has a VGM Score of A and a Growth Style Score of A, with a projected earnings growth of 5.2% for the current fiscal year [6] - The Zacks Consensus Estimate for NOV's earnings has increased by $0.05 to $1.61 per share, with an average earnings surprise of 22.1% [6][7]