Why Spectrum Brands (SPB) is a Top Growth Stock for the Long-Term

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service aims to help investors become smarter and more confident in their investment decisions [1] Group 2: Zacks Style Scores - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, assisting investors in selecting stocks likely to outperform the market in the next 30 days [2] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [3] Group 3: Value, Growth, and Momentum Scores - Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales [3] - Growth Score evaluates a company's financial strength and future outlook based on projected and historical earnings, sales, and cash flow [4] - Momentum Score assesses trends in stock prices and earnings estimates to identify favorable investment opportunities [4] Group 4: VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, providing a comprehensive indicator for investors seeking to balance these three investment styles [5] Group 5: Zacks Rank and Performance - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to facilitate portfolio building [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Group 6: Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] - The direction of earnings estimate revisions is crucial; stocks with lower ranks (e.g., 4 or 5) may still have good Style Scores but are likely to decline in price [9] Group 7: Company Spotlight - Spectrum Brands - Spectrum Brands Holdings, Inc. is a global consumer products company with a diverse portfolio, including residential locksets, grooming products, and pet supplies [10] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating potential for growth [10] - Spectrum Brands is projected to experience year-over-year earnings growth of 211.1% for the current fiscal year, with an upward revision in earnings estimates [11]