Top 5 Stocks To Invest In Right Now

tags:GNRT,JWN,GDEN,ALE,UFAB,

Ever since the death of Fitbit (NYSE:FIT), investors have been weary of wearables stocks. And with good reason.

Fitbit served as lesson for the entire wearables space. Expectations were high that everyone and their best friend was going buy and own a Fitbit. But, that never happened. Instead, the wearables market transitioned from basic activity trackers to advanced smartwatches, and Fitbit got left in the dust.

The takeaway? The wearables market is still young and rapidly evolving to dynamic consumer demands. Thus, finding wearables stocks that are guaranteed long-term winners is a difficult exercise.

That being said, there are a few wearables stocks out there that, given their pedigree, track record, product portfolio, and consumer brand awareness, are on track to be long-term winners in this market.

Here’s a look at four such wearable stocks which could be long-term winners:

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Wearables Stocks To Watch: Fossil (FOSL) Source: Shutterstock

Top 5 Stocks To Invest In Right Now: Gener8 Maritime, Inc.(GNRT)

Advisors' Opinion:

• [By Ethan Ryder]

  Navios Maritime Acquisition (NYSE: GNRT) and Gener8 Maritime (NYSE:GNRT) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, valuation, earnings, risk and dividends.

• [By Ethan Ryder]

  ILLEGAL ACTIVITY NOTICE: “General Maritime Co. (GNRT) Receives $8.50 Consensus Price Target from Analysts” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3361904/general-maritime-co-gnrt-receives-8-50-consensus-price-target-from-analysts.html.

• [By Ethan Ryder]

  Star Bulk Carriers (NASDAQ: SBLK) and Gener8 Maritime (NYSE:GNRT) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their risk, analyst recommendations, institutional ownership, earnings, valuation, dividends and profitability.

Top 5 Stocks To Invest In Right Now: Nordstrom Inc.(JWN)

Advisors' Opinion:

• [By ]

  Cramer and the AAP team say today's weakness is the opportunity they have been patiently waiting for. Their target? Nordstrom (JWN) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers ReTo Eco-Solutions, Inc. (NASDAQ: RETO) fell 9.3 percent to $4.50 in pre-market trading. ProPhase Labs, Inc. (NASDAQ: PRPH) shares fell 8.5 percent to $4.50 in pre-market trading after dropping 3.53 percent on Thursday. Nordstrom, Inc. (NYSE: JWN) fell 7.5 percent to $47.10 in pre-market trading. Nordstrom reported upbeat results for its first quarter. Comparable-store sales rose 0.6 percent. Baidu, Inc. (NASDAQ: BIDU) shares fell 6 percent to $263.00 in pre-market trading. Baidu disclosed that its COO Qi Lu will step down in July 2018. Riot Blockchain, Inc. (NASDAQ: RIOT) shares fell 5.6 percent to $8.98 in pre-market trading after climbing 11.88 percent on Thursday. Applied Materials, Inc. (NASDAQ: AMAT) fell 5 percent to $51.30 in pre-market trading. Applied Materials reported stronger-than-expected results for its second quarter, but issued weak sales outlook for the third quarter. Blink Charging Co. (NASDAQ: BLNK) fell 5 percent to $7.61 in pre-market trading after rising 11.40 percent on Thursday. Illumina, Inc. (NASDAQ: ILMN) shares fell 4.7 percent to $255.77 in pre-market trading. Vascular Biogenics Ltd (NASDAQ: VBLT) fell 4.6 percent to $2.10 in pre-market trading after reporting a first-quarter earnings miss. Campbell Soup Company (NYSE: CPB) fell 3.3 percent to $37.60 in pre-market trading. Campbell Soup reported upbeat Q3 earnings, but sales missed estimates. The company also lowered its FY18 outlook. ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) shares fell 2.7 percent to $17.65 in pre-market trading after reporting a 7.2 million common stock offering
• [By ]

  Some reasons for my bearishness on retail stocks:

  Higher Energy Prices. Oil prices have rallied dramatically and back to 2014 levels, rising from about $35 a barrel in early 2016 to around $67 Thursday. That's bad news for U.S. retailers, as rising oil prices historically squeeze consumer disposable incomes. That's one reason why I've been consistently raising my short exposure to retail and plan to continue doing so. Shaky Same-Store Sales Growth. Recent improvements to same-store sales at Abercrombie & Fitch (ANF) , Urban Outfitters (URBN) , Dillard's (DDS) , Gap Inc. (GPS) and Macy's (M) come against downgraded expectations, and might not be sustainable anyway. No Deal for Nordstrom (JWN) . The Nordstrom family has apparently abandoned plans to take its namesake company private. I had expressed concerns that this would happen. Higher Interest Rates. A rise in the London Inter-Bank Offered Rate (LIBOR) has recently accelerated. That's bad news for retailers, as many variable-rate consumer debts (particularly mortgages) key off of the LIBOR. This will likely put a damper on mortgage refinancings -- something that many see as an important ingredient for personal-consumption expenditures.

• [By Jeremy Bowman]

  Still, plenty of investors are likely wondering if Stitch Fix (NASDAQ:SFIX) is a good buy before its fourth-quarter earnings report, due out on Oct. 1 after market close. The company is unique on the stock market as an online personalized styling service: It ships clothes to customers based on fit and style preferences rather than allowing customers to choose the items directly. Though it has competitors in that sector, including Nordstrom's (NYSE:JWN) Trunk Club, Stitch Fix is far and away the leader in the segment; sales are projected to be $1.23 billion this fiscal year.

• [By Chris Lange]

  The S&P 500 stock posting the largest daily percentage gain ahead of the close was Nordstrom, Inc. (NYSE: JWN) which traded up about 13% at $59.13. The stock's 52-week range is $37.79 to $59.21. Volume was about 17 million compared to the daily average volume of 2.5 million.

• [By Chris Lange]

  Nordstrom Inc.’s (NYSE: JWN) fiscal second-quarter report is scheduled for Thursday after the markets close. The consensus forecast is $0.84 in EPS on $3.96 billion in revenue. Shares ended the week trading at $52.58 apiece. The consensus price target is $52.88, and the 52-week range is $37.79 to $54.61.

Top 5 Stocks To Invest In Right Now: Golden Entertainment, Inc.(GDEN)

Advisors' Opinion:

• [By Shane Hupp]

  News coverage about Golden Entertainment (NASDAQ:GDEN) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Golden Entertainment earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.5212527362401 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

• [By Logan Wallace]

  Shares of Golden Entertainment Inc (NASDAQ:GDEN) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.67.

• [By Max Byerly]

  Press coverage about Golden Entertainment (NASDAQ:GDEN) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Entertainment earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.4533629478547 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Top 5 Stocks To Invest In Right Now: Allete, Inc.(ALE)

Advisors' Opinion:

• [By Shane Hupp]

  Waddell & Reed Financial Inc. trimmed its holdings in shares of ALLETE Inc (NYSE:ALE) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 107,300 shares of the utilities provider’s stock after selling 1,200 shares during the period. Waddell & Reed Financial Inc.’s holdings in ALLETE were worth $8,306,000 as of its most recent SEC filing.

• [By Shane Hupp]

  SG Americas Securities LLC acquired a new stake in shares of ALLETE Inc (NYSE:ALE) in the first quarter, Holdings Channel reports. The firm acquired 16,011 shares of the utilities provider’s stock, valued at approximately $1,157,000.

• [By Logan Wallace]

  Susquehanna Fundamental Investments LLC bought a new stake in shares of ALLETE Inc (NYSE:ALE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,236 shares of the utilities provider’s stock, valued at approximately $1,029,000.

• [By Benzinga News Desk]

  Not long after U.S. authorities filed sealed charges against Volkswagen’s (OTC: VLKAY) old chief executive officer, they granted the new CEO a rare safe-passage deal: Link

  ECONOMIC DATA The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET. The TD Ameritrade Investor Movement Index for April is schedule for release at 12:30 p.m. ET. Tom Barkin is set to speak at 2:00 p.m. ET. Data on consumer credit for March will be released at 3:00 p.m. ET. Dallas Fed President Robert Kaplan will speak at 3:30 p.m. ET. Chicago Fed President Charles Evans is set to speak at 3:30 p.m. ET. ANALYST RATINGS Barclays upgraded Illumina (NASDAQ: ILMN) from Equal-Weight to Overweight KeyBanc upgraded Silgan (NASDAQ: SLGN) from Underweight to Sector Weight Mizuho downgraded ALLETE (NYSE: ALE) from Buy to Neutral Barclays downgraded Eaton (NYSE: ETN) from Equal-Weight to Underweight

  This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.

• [By Joseph Griffin]

  OppenheimerFunds Inc. reduced its holdings in shares of ALLETE Inc (NYSE:ALE) by 44.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,907 shares of the utilities provider’s stock after selling 7,918 shares during the quarter. OppenheimerFunds Inc.’s holdings in ALLETE were worth $715,000 at the end of the most recent reporting period.

Top 5 Stocks To Invest In Right Now: Unique Fabricating, Inc.(UFAB)

Advisors' Opinion:

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Unique Fabricating (UFAB)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Stephan Byrd]

  Media coverage about Unique Fabricating (NASDAQ:UFAB) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unique Fabricating earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.3756147302874 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

• [By Stephan Byrd]

  Shares of Unique Fabricating Inc (NYSEAMERICAN:UFAB) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.00.

• [By Ethan Ryder]

  Unique Fabricating (NYSEAMERICAN:UFAB)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Capital in a report released on Wednesday.