5 Best Performing Stocks In September

TransAct Technologies Inc. (TACT - Snapshot Report) designs, develops, manufactures and markets transaction-based printers and related products.

Price gain over the last 4 weeks = 19.1%

Apart from a Zacks Rank #2 (Buy),TransAct Technologies has a P/E (F1) of 17.42x. Expected earnings growth for the current year is more than 100%.  

Jabil Circuit Inc. (JBL - Analyst Report) is one of the largest global providers of electronic manufacturing services (EMS).

Price gain over the last 4 weeks = 18%
Expected earnings growth for current year = 29.7%

Jabil Circuit holds a Zacks Rank #1 (Strong Buy). The stock’s forward price-to-earnings ratio (P/E) for the current financial year (F1) is 9.85.

JetBlue Airways Corporation (JBLU - Analyst Report) is a passenger airline that focuses on providing high-quality customer service.

Price gain over the last 4 weeks = 13.9%

Apart from a Zacks Rank #1 (Strong Buy), JetBlue has a P/E (F1) of 13.76x. Expected earnings growth for the current year is more than 100%.  

BofI Holding, Inc. (BOFI - Snapshot Report) is the holding company for BofI Federal Bank, a consumer-focused, nationwide savings bank operating primarily through the Internet.

Price gain over the last 4 weeks = 13.4%
Expected earnings growth for current year = 30.2%

BofI Holding holds a Zacks Rank #2 (Buy) and it has a P/E (F1) of 18.29x.

Universal Insurance Holdings Inc. (UVE - Snapshot Report) offers a wide range of property and casualty insurance products via its subsidiary companies.

Price gain over the last 4 weeks = 12.6%
Expected earnings growth for current year = 23.1%

Apart from a Zacks Rank #1 (Strong Buy),Universal Insurance has a P/E (F1) of 11.54x.

Will Stocks Bounce Bank in October?

Concerns about China’s weak economic situation and the downward slide in oil continued to haunt investors in September. Fears about the domestic economy added to markets’ concerns. Meanwhile, the sudden plunge in biotech stocks has also had a considerable impact on stocks. If Wednesday’s rebound continues, this is one burden investors would be glad to be rid of.

Going forward, strong domestic economic data would be required to boost markets. This will also help a “data dependent” Fed make up its mind about a rate hike. The Fed Chair remains confident about a hike in December and this will continue to play on investors’ minds. Domestic economic data could largely determine the fate of stocks in the days ahead.

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