Owens ning(US:OC) ZACKSยท2024-06-11 14:51Core Insights - The article emphasizes the importance of utilizing Zacks Premium and its various tools, such as the Zacks Style Scores and Zacks Rank, to enhance stock market investment strategies and achieve better returns. Group 1: Zacks Style Scores - Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum characteristics, helping investors identify securities with high potential for market outperformance [2][15]. - The Value Style Score focuses on identifying attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [3]. - The Momentum Style Score assists investors in capitalizing on upward or downward trends in stock prices, utilizing factors like one-week price change and monthly earnings estimate changes [4]. Group 2: Zacks Rank and Performance - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to guide investors in building successful portfolios [5]. - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [17]. - A stock's earnings estimate revisions are crucial in determining its potential for investment, as they work in conjunction with the Zacks Rank [18]. Group 3: Company Spotlight - Owens Corning (OC) - Owens Corning (OC) is highlighted as a stock to watch, currently holding a 1 (Strong Buy) rating on the Zacks Rank and a VGM Score of B [12][20]. - Analysts have revised OC's earnings estimate higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $1.79 to $15.48 per share, and the company has an average earnings surprise of 17.4% [8]. - OC is recognized as a leader in building materials and composite solutions, with a strong focus on glass fiber technology for various high-performance markets [19].