Yahoo Finance Zacks.com featured highlights include Everest Re Group, Thermo Fisher Scientific and Sony Group
For Immediate Release
Chicago, IL – February 22, 2023 – Stocks in this week’s article are Everest Re Group, Ltd. RE, Thermo Fisher Scientific Inc. TMO and Sony Group Corp. SONY.
3 Stocks with Sales Growth to Buy Amid Persistent Inflation
Though the effectiveness of the Federal Reserve's ultra-aggressive monetary tightening is being witnessed, inflation is turning out to be "sticky." Hence, the central bank is likely to raise interest rates in the near term.
This has made investors wary about entering the stock market, as higher rates will likely lead to a recession/economic slowdown in 2023. Hence, a conventional stock-picking strategy is the need of the hour. One such way is selecting stocks with steady sales growth. In this regard, stocks like Everest Re Group, Ltd., Thermo Fisher Scientific Inc. and Sony Group Corp. are worth considering.
While assessing any company, revenues are often more scrutinized than earnings. This is because investors want to make sure that a business has the capability of generating more sales over time to cater to an increasing customer base. Steady or declining sales growth reflects obstacles at the company. Stagnant companies may generate profit in the near term but do not ensure enough growth to attract new investors.
Without robust revenue growth, bottom-line improvement may not be sustainable. While a company can show earnings strength by lowering costs, continued bottom-line expansion usually requires strong sales growth.
Nonetheless, sales growth alone doesn't show much about a company's prospects. So, taking into account a company's cash position along with its sales number can be a practical investment strategy. Substantial cash in hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments.
Here are three of the 16 stocks that qualified the screening:
Bermuda-based Everest Re writes property and casualty, reinsurance and insurance in the United States, Bermuda and international markets. RE also offers other innovative products like excess and surplus lines of insurance.
Everest Re's expected sales growth rate for 2023 is 13.1%. The stock sports a Zacks Rank #1 at present.
Headquartered in Waltham, MA, Thermo Fisher is a scientific instrument maker and a world leader in serving science. TMO operates through four segments – Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics and Laboratory Products and Biopharma Services.
Thermo Fisher's expected sales growth rate for 2023 is 1%. The stock currently carries a Zacks Rank #2.
Headquartered in Tokyo, Japan, Sony Group designs, manufactures and sells several consumer and industrial electronic equipment. SONY is also active in the production, acquisition and distribution of motion pictures as well as television programming, along with the operation of television and digital networks.
Sony Group's sales are expected to rise 8.3% in fiscal 2024. The stock sports a Zacks Rank #1 at present.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2056638/3-stocks-with-sales-growth-to-buy-amid-persistent-inflation
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Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
Everest Re Group, Ltd. (RE) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
