Lowe’s, Madison Square Garden Sports, Nike, Salesforce and Microsoft highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 9, 2020 – Zacks Equity Research Shares of Lowe’s Companies, Inc. LOW as the Bull of the Day, Madison Square Garden Sports Corp. MSGS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIKE, Inc. NKE, salesforce.com, inc. CRM and Microsoft Corporation MSFT.

Here is a synopsis of all five stocks:

Bull of the Day:

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely on in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have also been winners in lower-tech industries that suddenly find their goods and services in increased demand – and customers who’s lack of recent spending on recreational pursuits has left them with additional cash in their budgets.

Have you been to a home improvement store lately? With the exception of physical formats that have been tweaked to promote social distancing, you’ll probably find that it looks pretty much like business as usual.

For a huge retailer like Lowe’s Companies, a quick look at recent financials confirms that not only is it “business as usual,” in may respects, it’s better than usual. Suddenly consumers who have been confined to their homes have been embarking on a wide variety of home improvement projects.

The more time you spend in your home, the more likely you are to take on those nagging minor repairs that have been on your “to-do” list forever, as well as tackling bigger projects like painting and landscaping. Contractors have their schedules filled months into the future – and they shop at home improvement stores too – for plumbing, electrical, carpentry and concrete supplies.

With limited options for dining out, grills and other outdoor cooking equipment have been flying out of stores, along with larger appliances like refrigerators, stoves, washers and dryers. Though unemployment remains stubbornly above recent averages, most Americans do remain employed. With almost no money spent on things like airline tickets and restaurant meals, many are finding that they have extra cash to spend on improving their environments.

Low interest rates have kept the housing markets extraordinarily healthy, and increased spending on home improvement projects tends to accompany residential real estate transactions.

The Share Price

One possible knock on Lowe’s right now is that the shares have already seen remarkable appreciation this year. During the market panic in March, those shares traded as low as $60 – an incredible bargain!

Even at recent levels near $170/share however, Lowe’s remains quite reasonably valued at 20X forward 12-month earnings estimates. For comparison purposes, competitor Home Depot trades at 25X forward earnings.

13 recent upward earnings estimate revisions earn Lowe’s

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The Zacks Analyst Blog Highlights: Atlas Air Worldwide, BMC Stock, Central Garden & Pet Company, Comfort Systems USA and DICK’S Sporting Goods

For Immediate Release

Chicago, IL – September 17, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Atlas Air Worldwide Holdings, Inc. AAWW, BMC Stock Holdings, Inc. BMCH, Central Garden & Pet Company CENT, Comfort Systems USA, Inc. FIX and DICK’S Sporting Goods, Inc. DKS.

Here are highlights from Wednesday’s Analyst Blog:

Wall Street Makes Record Recovery from Coronavirus: 5 Growth Picks

The Dow Jones Industrial Average, despite the recent turmoil, has almost recovered all losses suffered during the coronavirus pandemic. The blue-chip index bounced back from the bear market territory in March and is now near its all-time high achieved on Feb 12, 2020.

Similarly, the S&P 500 had plummeted more than 30% within six weeks this spring, marking its fastest descent from record levels into a bear market. But the broader index has been on an uptrend, recording the fifth successive month of rally in August in more than 80 years.

What’s more, the S&P 500’s journey from a record high in February to a bear market in March, and then again to a new record, only took 126 trading days this year, the fastest-ever climb. To put things into perspective, if we go back to 1928, it took the index 1,500 trading sessions to return to record levels after slipping into bear territory.

This year’s stock market rebound has been even more startling, since the year has been plagued by a pandemic that left millions of Americans unemployed, while corporate profits have seen the steepest collapse in a decade. So, what drove the historic rally? Primarily, stimulus from the Fed and the Congress helped the stock market scale north.

The Fed has kept interest rates at near-zero levels and has promised to keep it at that level even if inflation picks up. Fed’s initiative to lend billions across markets also buoyed investors. Moreover, as Fed bought corporate and Treasury bonds, yields tanked, making stocks more alluring.

At the same time, the U.S. government provided more than 150 million in stimulus checks to Americans and nearly half a trillion dollars in loans to small business houses. The encouraging response along with the lessons learned in the financial crisis of 2008 helped the stock market’s rebound.

And let’s admit, many investors still had faith that the U.S. economy will get its mojo back once the pandemic is under control. In fact, factory activity had accelerated in August, and hiring improved for the fourth straight month. Consumer outlays also picked up in August after a substantial drop. To top it, many analysts opine that the skid in corporate profits has likely bottomed, too. Leuthold Group, a research firm, added that many economists now expect annual GDP to improve next year at a rate not seen in the past 70 years.

Talking about individual performers, the tech behemoths in particular have

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