5 Stocks Poised For Post-Earnings Pop

With earnings season kicking in as we speak, that’s the thing topmost on investors’ minds. And this earnings season stands out from the rest, because of all that it can tell us about the impact of the virus, the lockdown, trade with China and a whole lot of other things that have had investors on the edge.

One thing is certain. Although there are fears of a second outbreak, lockdowns have generally served their purpose in ramping up preparedness to deal with the crisis. So it’s extremely unlikely for another lockdown of the scale that we’ve already seen.

That being said, operations are also not going to be as smooth as they’ve been in the past. The highly mechanized processes will see minimal impact, but labor-intensive processes are likely to see an impact on efficiency because of constraints imposed by social distancing.

So with that being the backdrop, it’s apparent that this earnings season will set the tone for the rest of the year and hopefully give us a better idea of when we might expect a recovery.

Because of the uncertain nature of the economy and the Fed’s initiatives, it’s important to be able to grab short term opportunities when we see them. The earnings season should open up many such opportunities.

The idea I’m highlighting here is based on recent estimate revisions on stocks with a Buy Rank (Zacks Ranks #1 and #2).

First up is Diebold Nixdorf, Inc. (DBD - Free Report.

The Zacks Rank #2 company provides connected commerce solutions including automatic teller machines (ATM), and financial and point of sale (POS). Its offerings include electronic card systems, monitoring software, fraud control, retail cash cycle management, and electronic shelf labeling services.

The VGM (value-growth-momentum) Score A and Growth Score A indicate that the stock is recommended for all investors, irrespective of their risk appetite, but is particularly attractive for growth investors.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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