Best Value Stocks to Buy for July 1st

Zacks Equity Research
·1-min read

Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 1st:

Daktronics, Inc. DAKT: This electronic display systems company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.5% over the last 60 days.

Daktronics has a price-to-earnings ratio (P/E) of 12.35, compared with 22.11 for the S&P 500. The company possesses a Value Score  of A.

EnerSys ENS: This stored energy solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.

EnerSys has a price-to-earnings ratio (P/E) of 11.84, compared with 17.50 for the industry. The company possesses a Value Score of A.

Macy's, Inc. M: This omni-channel retail major carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.

Macy’s has a price-to-earnings ratio (P/E) of 6.88, compared with 12.10 for the industry. The company possesses a Value Score of A.

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Macy's, Inc. (M) : Free Stock Analysis Report

Enersys (ENS) : Free Stock Analysis Report

Daktronics, Inc. (DAKT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Now you can invest in digital gold from just RM10 with your TNG eWallet

    KUALA LUMPUR, July 2 — Malaysians can now invest in digital gold securely and conveniently from as low as RM10 following...

  • Singapore to tighten casino rules to counter terrorism funding

    Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organisations.

  • 6 family office funds tied to Singapore launder case got tax breaks

    Six single family office funds linked to a S$3 billion money laundering case in Singapore have received tax incentives from the Monetary Authority of Singapore.

  • Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

    Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.

  • Will Best Buy (BBY) Tech Endeavors Help Navigate Challenges?

    Best Buy (BBY) is focusing on technology and customer experience for future growth. AI collaborations and strategic investments in store formats enhance customer service and operational efficiency.

  • 4 Steady Shoes & Retail Apparel Stocks in a Troubled Industry

    Elevated costs due to commodity cost inflation and continued reinvestments have been hurting the Shoes and Retail Apparel industry. However, product innovation, robust demand trends and digital investments should aid companies like ADDYY, SKX, CAL and WWW.

  • 5 Stocks That Powered Nasdaq ETF in the First Half

    The Nasdaq Composite Index outperformed in the first half of 2024, gaining about 18%. We have highlighted the five best-performing stocks of QQQ this year that led the way higher in the portfolio.

  • Inflation and the US election: What they mean for the US dollar

    The US dollar (DX-Y.NYB) is digesting Federal Reserve Chair Jerome Powell's latest comments on inflation at the European Central Bank's (ECB) Forum on Central Banking, as well as the rise in job openings from May. TD Bank Global Head of FX and EM Strategy Mark McCormick sits down with Madison Mills on Catalysts to talk about the Fed's data-centric approach to its interest rate policies going forward. "And inflation from month to month is going to be very challenging and very volatile indicator. So the way that we keep looking at it is there's no room for error," McCormick tells Yahoo Finance. "So next week's inflation number, if it comes in hot this whole narrative is gone. If it comes in as expected, then we get another inflation print where it's like 'yes, they can still probably go in September.' But again, if it comes in hot, it's like everything is binary now. So the market, it lacks confidence, it lacks motivation in terms of how to trade these themes. McCormick also weighs in on the ways a second Trump presidency or policies like heightened tariffs could impact the US dollar. In the broader FX (foreign exchange) market, McCormick also comments on the influence France's snap election is having on the euro. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

  • New Strong Buy Stocks for July 1st

    EAT, APOG, DAKT, M and HES have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2024.

  • British couple become wealthier than Larry Fink after £2.5bn BlackRock deal

    A husband and wife duo who built an outdoor theatre on the grounds of their Suffolk farm estate have been catapulted into Britain’s rich list after netting £2bn from the sale of their financial data business.

  • Reasons to Retain PacBio (PACB) Stock in Your Portfolio Now

    PacBio's (PACB) strong product demand and continued focus on R&D raise optimism about the stock.

  • Can AI boom drive Nvidia to a $4tn valuation despite investor doubt?

    Powerful new chips are on the way but there are questions over whether tech firm’s growth can be sustained

  • Best Momentum Stocks to Buy for July 2nd

    BYRN, CMRE and TREE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 2, 2024.

  • Preqin's founder nets £2bn payday as BlackRock comes calling

    A British data and analytics business founded 21 years ago was today snapped up for £2.55bn – four-fifths of which will go to its founder. Preqin, which specialises in providing data and information on the private equity sector and other alternative assets, is being bought by BlackRock, the world's biggest asset manager. The sale will net approximately £2.04bn to Valhalla Ventures, the family holding company of Mark O'Hare, Preqin's founder.

  • U.S. EV Battery Plants to Spark a New Era in E-Mobility

    Read on to know about the battery production investments currently underway in the United States by major automakers including TSLA, GM, F, TM and STLA.

  • US manufacturing extends slump; inflation pressures ebbing

    U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside. The weakness at the end of the second quarter reported by the Institute for Supply Management on Monday was across the board, with ISM Manufacturing Business Survey Committee Chair Timothy Fiore describing manufacturers as demonstrating "an unwillingness to invest in capital and inventory due to current monetary policy and other conditions." Manufacturing is being pressured by higher interest rates and softening demand for goods, though business investment has largely held up.

  • How to navigate CD investments before an interest rate cut

    As interest rates remain high and Wall Street awaits the Federal Reserve's rate cut, Curinos head of wealth Korrynn Baltzersen joins Wealth! to discuss how investors should navigate certificates of deposit (CDs) amid the current economic backdrop. "What we've seen for the first time in recent history is that wealth clients are adopting retail CDs. And what's happening there, at the start of 2023, CDs represented just 3% of wealth deposits. And clients were adopting CDs, about 10% of acquisition balances going into retail CDs. That picked up greatly last year, as you could get to a 5% handle on a CD, there's something in the mentality of an investor that 5% seems great. And so even wealth clients started adopting CDs at a much higher pace," Baltzersen explains. She notes that historically when the Federal Reserve has started cutting interest rates, "that's when the market outperformance led more investors into the market versus keeping that money in cash." She believes there will be a "real shift" once investors can no longer get a 5% handle, as "they can just get a higher yield in the market." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

    Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.

  • Here's the biggest risk to Nvidia being a $10 trillion juggernaut

    Nvidia won't be without stiff competition over the next decade.

  • How to make sure you don’t get underpaid when it comes to state pension

    Getting less than you were expecting could come as a nasty surprise but there are things you can do about it.