Shaun Pruitt

Lombard

Editor at Zacks Investment Research

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Articles

Time to Buy Broadcom (AVGO) Stock as Markets Rip Higher

2 weeks ago | sg.finance.yahoo.com | Shaun Pruitt

Added to the Zacks Rank #1 (Strong Buy) list on Wednesday, Broadcom's AVGO stock is standing out as markets ripped higher on news that President Trump will temporarily rescind reciprocal tariffs on many countries outside of China. Broadcom shares soared +18% in today’s trading session, as the S&P 500 and Nasdaq posted gains of +9% and +12% respectively.
Bet on Big Oil Stocks as a Defensive Hedge Against Market Volatility?

3 weeks ago | sg.finance.yahoo.com | Shaun Pruitt

With crude oil prices rising to over $70 a barrel again, the energy sector has been the best-performing subsector of the S&P 500 this year. Led by big oil giants Chevron CVX andExxon Mobil XOM, the energy sector has risen +8% year to date compared to the benchmark S&P 500’s broader decline of -6%. Leading to the uptick in crude prices is that seasonal peaks in travel and industrial production are approaching with the warmer spring and summer months ahead.
3 Highly Ranked Consumer Food & Beverage Stocks to Consider: PPC, PRMB, PRRFY

1 month ago | zacks.com | Shaun Pruitt

Fed chair Jerome Powell helped reassure markets yesterday, stating the current path of monetary policy shouldn’t be affected despite rising tariff concerns. That said, Powell acknowledged that President Trump's tariff policies are contributing to inflation and could delay progress in reducing it. Keeping this in mind, investors may still be eying defensive positions in the portfolio, with the consumer staples sector starting to stand out.
2 Highly Ranked Technology Services Stocks to Consider: CLMB, DAVE

1 month ago | zacks.com | Shaun Pruitt

At the moment the Zacks Technology Services Industry is in the top 26% of over 240 Zacks industries with several stocks in the space making their way onto the coveted Zacks Rank #1 (Strong Buy) list. Seeing as technological advancements are crucial to the ever-evolving landscape of business services, here are two of these highly ranked stocks to consider.
Bull of the Day: Marvell Technology (MRVL)

1 month ago | zacks.com | Shaun Pruitt

Nvidia ( - Free Report) held its GPU Technology conference yesterday and could start boosting market sentiment for advancements in artificial intelligence (AI) again. Outside of Nvidia, one stock that investors will certainly want to pay attention to in regards to the AI revolution is Marvell Technology ( - Free Report) which sports a Zacks Rank #1 (Strong Buy) and lands the Bull of the Day. Thanks to its AI offerings, Marvell Tech is still one of the more appealing growth stocks to consider.
Bear of the Day: Globalstar (GSAT)

1 month ago | zacks.com | Shaun Pruitt

The Nasdaq has fallen 10% over the last month and Globalstar Inc ( - Free Report) is a tech stock that could have more downside risk ahead. The provider of satellite telephones and data services has seen its stock plummet over 30% year to date, and unfortunately, the decline could continue. Considering such, Globalstar's stock lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
3 Highly Ranked Energy Stocks to Buy with Generous Dividends: CAPL, CRGY, PAA

1 month ago | zacks.com | Shaun Pruitt

Among the Zacks Rank #1 (Strong Buy) list, several stocks are standing out from the oils & energy sector. Most appealing, these energy stocks are trading under $30 a share and offer generous dividend yields that are over 3%. Making now an ideal time to buy these top energy stocks is that crude oil prices tend to rise leading up to the summer months in correlation with increased demand for gasoline. This seasonal trend is driven by higher travel activities along with increased industrial operations.
Buy Netflix Stock for a Rebound as Markets Stabilize?

1 month ago | zacks.com | Shaun Pruitt

February’s cooler CPI print has helped markets stabilize amid ongoing tariff concerns, and one stock investors may be eyeing for a rebound is Netflix ( - Free Report) . NFLX has fallen 14% from a 52-week high of $1,064 a share in mid-February but is still up +2% year to date which has topped the S&P 500’s -6% and the Nasdaq’s -8%.
Buy the Spike in Casey's General Stores Stock (CASY) After Earnings?

1 month ago | zacks.com | Shaun Pruitt

Casey’s General Stores ( - Free Report) stock was a top mover in Wednesday’s trading session after blasting earnings expectations for its fiscal third quarter yesterday evening. Standing out from an earnings lineup that also featured quarterly reports from several notable retailers such as Dick’s Sporting Goods ( - Free Report) and Kohl’s ( - Free Report) , Casey’s stock rose more than +6% today, to over $400 a share.
Alibaba Vs Baidu: Which Chinese Tech Stock is the Better Buy Now?

1 month ago | zacks.com | Shaun Pruitt

In a swing of events, investor sentiment has shifted toward Chinese tech stocks in recent weeks, with Alibaba ( - Free Report) and Baidu ( - Free Report) standing out in particular. This shift comes as a downturn in U.S. equities has been attributed to President Trump's tariffs, which have been aimed at traditional trade allies such as Canada and Mexico, outside of adversaries like China.