The Zacks Analyst Blog Highlights Splunk, Workday, NVIDIA, G-III Apparel Group and Casey’s General Stores

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Zacks.com features the stocks to watch in the Analyst Blog, including Splunk Inc., Workday Inc., NVIDIA Corp., G-III Apparel Group and Casey’s General Stores. With markets being volatile, U.S. stocks have seen intense turbulence. Major benchmarks have crossed all-time highs based on anticipation of slowing inflation. The Nasdaq 100 and S&P 500 have increased by 51.2% and 27.1% respectively. Dow Jones Industrial Average has recently crossed 37000. Investors may want to try momentum investing to cope in such a turbulent market. Using the Zacks Style Score, we have identified five stocks that are worth investing in, including Splunk, Workday, NVIDIA, G-III Apparel Group and Casey’s General Stores. These stocks have market capital greater than $1 billion, Zacks Rank #1 or 2 and a high momentum score.

Splunk Inc. offers software solutions that enable enterprises to gain operational intelligence by harnessing the value of their data. Currently sporting a Zacks Rank #1 and a high Momentum Score, the Zacks Consensus Estimate for its current-year earnings has improved by 73.3% over the past year to $4.28. It also has a long-term earnings growth expectations of 29.6% and has delivered an earnings surprise of 99.3% in the trailing four quarters.

Workday Inc. has been benefiting from its cloud-based business model. With a Zacks Rank #2 and a high Momentum Score, WDAY’s Zacks Consensus Estimate for its current-year earnings has improved by 22.5% over the past year to $5.71. It also has long-term earnings growth expectations of 26.5%.

NVIDIA Corp. is a market leader in visual computing technologies and seems to benefit from the growing demand for generative AI. This company is currently sporting a Zacks Rank #2 and a Momentum Score of B, and the Zacks Consensus Estimate for its current-year earnings has improved by 181% over the past year to $12.29.

G-III Apparel Group is a manufacturer, designer and distributor of apparel and accessories and has been accelerating digital growth, striving to become the best omnichannel organization. Presently sporting a Zacks Rank #1 and a Momentum Score of B, the Zacks Consensus Estimate for the company’s current-year earnings has improved by 17.4% in the past year.

Casey’s General Stores operates convenience stores in 16 states across the United States and benefits from the strength in the prepared food and dispensed beverage category. Presently having a Zacks Rank #1 and a Momentum Score of A, the Zacks Consensus Estimate for current-year earnings has improved 30.1% over the past year to $12.51.

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