Up this week on Wall Street, investors will be keeping an eye out for the consumer report index which drops this Wednesday and will provide key insights about upcoming inflation.
In other events, Oracle will reveal recent earnings, Apple is set to stream its new product line this week, and Zoom and Crocs will be hosting special investor events. There will also be economic reports on manufacturing, unemployment, and retail released this week.
From vets, to banks, to flooring and decor, here are your latest stock picks.
TopBuild (ticker: BLD) is an insulation specialist and distributor of building material. The company that launched in 2015 is a spin-off from home-improvement giant Masco and provides insulation and building materials across the US. Its TruTeam installation segment installs rain gutters, glass, and garage doors.
The Florida-based company has seen a steady increase in earnings over the last four quarters, most recently at 64%, and its stock has soared over 22% since the beginning of the year.
Floor & Decor
Like TopBuild, Floor & Decor (ticker: FND) has directly benefitted from people investing in their homes during Covid. The retailer that sells hardwood, tile, wood, and natural stone flooring went public in 2017.
Floor & Decor has seen its earnings increase by an average of 214% over the last three quarters. Analysts see the earnings continuing, predicting EPS to grow 64% in 2021 and 17% in 2022.
Wall Street institutions have been snapping up shares of the company and currently hold approximately 70% of the stock.
Idexx Laboratories Inc
With pet ownership increasing during Covid, technology for diagnostics at vet clinics around the world has also been on the incline.
American multinational corporation Idexx Labs (ticker: IDXX), which manufactures and develops diagnostic products for the veterinary market, saw its sales increase 29.57% year over year in the quarter ending in June 2021.
Further bolstering this stock is Idexx’s newest hematology analyzer, ProCyte One, which it launched earlier this month.
SVB Financial Group
Shares of SVB Financial Group (ticker: SIVB), aka Silicon Valley Bank, have been up 52% this year. The company is disrupting the old-school banking industry with its business model that lends exclusively to startups.
The bank, which has a market value of $35 billion, has seen 8% growth in loan balances quarter-over-quarter. SVB expects to see earnings per share at $27.57 next year, and has already seen earnings per share at $30.88 this year, up from $22.87 a share in 2020.
Disclaimer: Market Buzz contributor Shelley Mason has no position in any of the stocks mentioned.
This does not constitute investment advice and is for entertainment purposes only.