Top Stock Picks for Week of January 18, 2021
Winnebago Industries, Inc. WGO is a leading producer of recreational vehicles (RV) in the United States. It has been manufacturing RVs for around 60 years. Winnebago has been riding on the strength of its acquisitions. The company’s notable buyouts include Grand Design and Chris-Craft in 2016 and 2018, respectively, which bolstered the firm’s footprint in the outdoor lifestyle market. The firm's towable segment is gaining from high revenues and margins. Winnebago's Newmar buyout has further boosted its portfolio and added high-end motorized products to the existing Winnebago brand line-up. The company's strong balance sheet and record backlog of new orders are other tailwinds. As of this writing, it has been about a month since the last earnings report for Winnebago Industries. Shares have increased in that time frame, outperforming the S&P 500. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising.
JPMorgan Chase & Co. JPM is one of the biggest banks with assets valued at $3.25 trillion and stockholders’ equity worth $271.1 billion as of Sep 30, 2020. JPMorgan's shares have outperformed the industry so far this year. The company has an impressive earnings surprise history. The company's earnings have outpaced the Zacks Consensus Estimate in three of the trailing four quarters. Branch openings in new regions, acquisition of InstaMed, strong mortgage banking business and focus on credit card operations are likely to continue supporting the bank's financials. JPMorgan is expanding its footprint in new regions by opening branches. Solid performance of JPMorgan’s mortgage banking operation is a catalyst. Recently JPM posted its highest profitability in history, with its bottom-line surging by double digits from the same quarter last year and beating Zacks Consensus EPS estimates by double digits as well.
5 Stocks Set to Double
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