Top Stock Picks for the Week of May 28, 2019
The Progressive Corp. PGR, the property and casualty insurer, has been one of the hot stocks of 2019. Year-to-date, shares are up 31.7% compared to the S&P 500 which is up just 11.8% during that same period. But even with the stock gains, the company is trading with a forward P/E of just 15.5 as earnings are expected to rise 17.6% in 2019. Progressive also pays a dividend, currently yielding 0.5%. It is a Zacks Rank #2 (Buy) stock.
Goldman Sachs GS shares have struggled over the last month, as they’ve fallen 8.4% during that time. Year-to-date, however, this investment bank is up 13%, just slightly ahead of the S&P 500. The company is in a turnaround. While earnings are expected to fall this year, analysts believe they will rebound next year. Shares are cheap, with a forward P/E of just 8.3.
Should these two companies be on your investing short list? Find out in this week’s video.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
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
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
The Progressive Corporation (PGR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research