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- 📈 3 Stocks To Consider In This Outperforming Sector
📈 3 Stocks To Consider In This Outperforming Sector
Plus, a look at this week's Whisper Index and more
Happy Monday! This sector has been quietly outperforming despite a backdrop of trade wars and inflationary concerns, with stocks gaining momentum even before this week's rally. Read on to view the standout picks that analysts are recommending within this resilient sector. Also, here’s a look at companies that are currently flying under the radar — using Benzinga’s Stock Whisper Index.
— Justin Giles
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MARKET RECAP
Last Week: Stocks finished higher Friday, with the S&P 500 rising for a fourth consecutive day, as optimism grew over potential U.S.-China trade de-escalation following reports that China may exempt some U.S. products from tariffs. For the week, the Dow rose 2.5%, the S&P 500 gained 4.6%, and the Nasdaq was up 6.7%. On Friday, the University of Michigan Consumer Sentiment Survey was revised up to 52.2, reflecting improved views on current economic conditions, and bond yields fell, with the 10-year Treasury yield ending at 4.25%. With regards to earnings, 74% of S&P 500 companies that have reported this month have topped expectations.
On Our Radar: Tuesday’s economic releases, including advanced trade and inventory data along with the S&P Case-Shiller home price index, will provide a read on consumer demand, housing strength, and supply chain health. On the earnings front, Waste Management, NXP Semiconductors, and F5 will all release their earnings results after hours today.
TOP STORY
Despite concerns over trade wars and inflation, one sector is defying the odds with solid growth. Could this be your next big investment opportunity? Discover which three stocks these analysts are recommending.
Click here to get all the insights.
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FIVE ZINGERS
Top Gainer: Mobileye led the charge as the top large-cap stock this week, soaring 27%. Find out why investors are flocking to this powerhouse.
Bitcoin's Dominance: Bitcoin's dominance continues to grow, hitting 64% this past week, outpacing altcoins and traditional markets as it asserts its leadership across the digital asset market. Find out how this shift could impact your crypto strategy!
Tariff Boost: WeWork’s CEO, John Santora, explains how tariff uncertainty is boosting demand for short-term leases as businesses avoid long-term commitments. This shift could be pivotal for WeWork’s recovery. Click here to read more!
Musk Boost: Tesla's stock skyrocketed by 20% after Elon Musk confirmed his return to full-time leadership, easing concerns over his political ventures. With a regulatory shift in autonomous vehicle rules, here’s why investors are more bullish on Tesla’s future.
Cash Crunch: A record-high 53% of Americans believe their financial situation is worsening, according to a new survey. With inflation and unemployment concerns on the rise, now is the time to explore strategies for safeguarding your wealth.
SPECIAL OFFER
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are always seeking out undervalued, overlooked, and emerging stocks. With a wide array of tools and strategies available to retail traders, the real challenge often comes down to cutting through the noise to spot compelling opportunities and understanding what makes certain stocks worth watching.
Construction Partners (ROAD): The civil infrastructure company you may never have heard of saw strong interest from Benzinga readers during the week. The increased interest comes ahead of second-quarter financial results scheduled for May 9. Analysts expect the company to report a loss of nine cents per share, down from a loss of 2 cents per share in last year's second quarter. Analysts expect the company to report quarterly revenue of $559.6 million, up from $371.4 million in last year's second quarter. The company has beaten analyst estimates for earnings per share in eight of the last 10 quarters and revenue in nine of the last 10 quarters, including six straight. In January, the stock was the target of a short report from Spruce Point alleging the company has a weak backlog, revenue growth failures. The report said the stock could fall by up to 50%. In February, the company reported first-quarter revenue growth of 42% year-over-year and said it had a record backlog of $2.66 billion. The company's recent acquisitions grow the company's presence in Oklahoma, Texas and Alabama, which could defend off part of the short report that said the company was reliant on Florida and seeing declining revenue in the state.
The stock was up 5% over the past week and is up 55% over the past year.
To keep reading, and get the other Whisper Index stocks, sign up for Benzinga Edge here.
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