Automobile Industry

BBY, SAH, AN, UCTT and AMKR

For Immediate Release

Chicago, IL – September 24, 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 Best Buy Co., Inc. BBY, Sonic Automotive, Inc. SAH, AutoNation, Inc. AN, Ultra Clean Holdings, Inc. UCTT and Amkor Technology, Inc. AMKR.

Here are highlights from Wednesday’s Analyst Blog:

How to Select Growth Stocks in Uncertain Times

A growing company is one that expands by investing all or a substantial part of what it earns or raises into its business. It stands to reason that such a company sees opportunities to invest that money for profit.

These opportunities could be tied to the industry in which it operates. These companies were able to add value to all aspects of life by increasing

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4 Steel Producer Stocks Set to Ride the Industry’s Upturn

The Zacks Steel Producers industry has clawed its way back from the crisis wrought by coronavirus, taking succour from a recovery across major steel-consuming industries and a rebound in China’s steel demand from the pandemic-induced slowdown.

A revival in steel demand in major end-markets such as automotive and construction represents a tailwind for the industry. Demand in China has also picked up on the back of government stimulus. Moreover, steel prices have gained strength on an upturn in demand. Nucor Corporation (NUE), Companhia Siderurgica Nacional (SID), TimkenSteel Corporation (TMST) and Olympic Steel, Inc. (ZEUS) are well placed to gain from these trends.

About the Industry

The Zacks Steel Producers industry serves a wide range of end-use industries such as automotive, construction, appliance, container, industrial machinery, transportation, and oil and gas with various steel products. These include hot-rolled and cold-rolled coils and sheets, hot-dipped and galvanized coils and sheets, reinforcing bars,

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3 Reasons Why Growth Investors Shouldn’t Overlook O’Reilly Automotive (ORLY)

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Is Asbury Automotive Group (ABG) Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ABG. This is because this security in the Automotive – Retail and Whole Sales space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive – Retail and Whole Sales space as it currently has a Zacks Industry Rank of 1 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Asbury Automotive Group is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision

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