Garmin stock price surges with upgraded earnings estimates, while TreeHouse Foods struggles with declining sales

From Nasdaq: 2024-12-02 05:00:00

Zacks Equity Research highlights Garmin as the Bull of the Day and TreeHouse Foods as the Bear of the Day. Garmin, a leader in navigation and communication devices, has seen a 65% surge in stock price this year. Analysts have upgraded earnings estimates, particularly in the Fitness segment. TreeHouse Foods, on the other hand, has struggled with declining sales and earnings estimates, leading to a Zacks Rank #5 (Strong Sell).

Amazon’s impressive performance in Q3 2024 has led to a 10.4% stock price increase. The company reported a 52.1% growth in earnings per share and a 11% increase in revenues. Amazon Web Services and AI initiatives continue to drive growth. With a $75 billion capital expenditure planned for 2024, Amazon’s future outlook remains strong.

Investors looking for momentum and solid fundamentals should consider Garmin, while TreeHouse Foods faces challenges with declining sales and earnings estimates. Amazon’s strong financial performance and leadership in key growth areas make it a compelling buy. The solar industry is poised for growth, presenting opportunities for investors to profit from renewable energy expansion.



Read more at Nasdaq: Garmin and TreeHouse have been highlighted as Zacks Bull and Bear of the Day