Canada Markets closed
  • S&P/TSX

    18,480.98
    -521.70 (-2.75%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.27 (-1.62%)
     
  • CAD/USD

    0.7360
    -0.0055 (-0.7434%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • BTC-CAD

    25,851.50
    -232.78 (-0.89%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • RUSSELL 2000

    1,679.59
    -42.72 (-2.48%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • NASDAQ

    10,867.93
    -198.88 (-1.80%)
     
  • VOLATILITY

    29.92
    +2.57 (+9.40%)
     
  • FTSE

    7,018.60
    -140.92 (-1.97%)
     
  • NIKKEI 225

    27,153.83
    -159.30 (-0.58%)
     
  • CAD/EUR

    0.7588
    +0.0052 (+0.69%)
     

Zacks Value Trader Highlights: Encore Wire, Signet Jewelers and HIVE Blockchain Technologies

·6 min read

For Immediate Release

Chicago, IL – August 5, 2022 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/1964202/learn-the-basics-of-value-stock-screening?art_rec=home-home-top_stories-ID01-txt-1964202)

Learn the Basics of Value Stock Screening

Welcome to Episode #292 of the Value Investor Podcast.

  • (0:30) - How Do You Find Good Value Stocks?

  • (5:50) - The Metrics For The Perfect Screener

  • (14:20) - Tracey’s Top Stock Picks

  • (27:30) - Episode Roundup: WIRE, SIG, HIVE

  • Podcast@Zacks.com

Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.

It’s time to return to the basics.

How do you find value stocks? Where do you look? If you’re going to “screen” for them, where do you find the screens?

Zacks Free Basic Stock Screens

On Zacks.com, under the Screening Tab on the home page, you can find 9 free predefined stock screens.

These are “basic” screens that include value, growth, income, small caps and low beta stocks. Tracey ran the two free value stock screens but they gave her over 100 stocks in total.

Desperate to trim the number, she created her own free value screen on Zacks.com using the Stock Screener tool, looking for Zacks Rank #1 (Strong Buy) stocks with a forward P/E under 5.

There are only 246 Zacks Strong Buy stocks, the highest of the Zacks Ranks.

That screen still returned 33 stocks.

3 Dirt-Cheap #1 Ranked Stocks

1. Encore Wire Corp. WIRE

Encore Wire is a manufacturer of copper and aluminum for residential, commercial and industrial wire needs. It has no long-term debt and had cash on hand of $469.5 million at the end of last quarter.

Encore Wire shares are down 15% year-to-date but are up 56% over the last year. Earnings are expected to rise 2.4% this year to $26.86.

It’s cheap, with a forward P/E of just 4.5. Encore Wire has a small dividend and is also doing a share repurchase program.

Should Encore Wire be on your short list?

2. Signet Jewelers SIG

Signet Jewelers operates over 2800 jewelry store locations in the United States, UK and Canada, under the brands Kay, Zales and Jared, among others.

Shares of Signet Jewelers have fallen 27% year-to-date but are off the summer lows.

Earnings are expected to be up this year, climbing by just 1.5%.

Signet Jewelers is cheap with a forward P/E of just 4.9 and a PEG ratio of 0.6. A PEG ratio under 1.0 usually indicates both growth and value.

With fears of a recession still front and center, should investors be taking a chance on Signet Jewelers anyway?

3. HIVE Blockchain Technologies HIVE

HIVE Blockchain Technologies is a cryptocurrency miner which owns green energy powered data center facilities in Canada, Sweden and Iceland.

In July, HIVE Blockchain Technologies announced it had record annual revenue for the year ended Mar 31, 2022. Revenue was $211 million with earnings of $79 million, or $0.90 per share.

But shares of HIVE Blockchain Technologies have fallen 62% year-to-date even while it’s reporting record revenue.

It’s extremely cheap, with a forward P/E of just 1.4 and analysts are bullish on fiscal 2023, with earnings expected to rise 283%.

Should value investors take a chance on small cap HIVE Blockchain Technologies or is the P/E telling you to be cautious?

What Else Do You Need to Know About Basic Value Screening?

Tune into this week’s podcast to find out.

Why Haven’t You Looked at Zacks' Top Stocks?

Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.

See Stocks Free >>

Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/performance

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

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

Signet Jewelers Limited (SIG) : Free Stock Analysis Report

Encore Wire Corporation (WIRE) : Free Stock Analysis Report

HIVE Blockchain Technologies Ltd. (HIVE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research