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The Zacks Analyst Blog Highlights: Fresh Del Monte, Neustar and West Marine

For Immediate Release

Chicago, IL – March 22, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Fresh Del Monte (FDP), Neustar (NSR) and West Marine ( WMAR).

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Here are highlights from Monday’s Analyst Blog:

Forward Look Confirms a Turn: Global Week Ahead

In this Global Week Ahead, traders get forward-looking indicators. Tuesday will show if Europe’s economies are indeed set for more strength.

  • Mostly, the important IFO German sentiment indices are pegged to rise. German expectations should rise to 99.5 from a prior 98.8.
  • Most European ZEW sentiment indices also look to rise. Europe’s economic sentiment component should rise to 5.4 from a prior 1.1.


In short, forward looks via continental sentiment likely boosts the outlook.

Thursday could be another sunny day of confirmation from forward-looking indicators. Important tells arrive via Europe and the U.S.

  • A preliminary composite Europe PMI could get to 53 from a prior 52.3.
  • Preliminary purchasing manager index (PMI) figures for German manufacturing look to rise (50.8 from a prior 50.5). The German services PMI should remain strong (55 from a prior 55.3).
  • A U.S. flash PMI manufacturing reading could go to 51.9 from a prior 51.3.


That’s right! The beleaguered U.S. manufacturing sector could turn up soon.

U.S. manufacturers have enjoyed a little weaker U.S. dollar of late, and the sector benefits from better macro pulses coming from abroad.

From a Zacks Rank perspective, 3 U.S. stocks go front-and-center this week.

Look into Fresh Del Monte (FDP). This agriculture operations stock went to a Zacks #1 Rank over the weekend and has a Zacks VGM composite score of B. The Zacks Value score of B is attractive.

Also on the list of hot stocks is Neustar (NSR). The communications network software provider went a Zacks #1 Rank over the weekend and has a Zacks VGM composite score of B. The Zacks Value score of A is particularly attractive.

For a U.S. small cap, look into West Marine (WMAR). This $225M market cap stock gets both a Zacks #1 Rank and a Zacks VGM composite score of A. You can’t beat that.

The U.S. leisure space is a hot niche to mine.

We have serious macro situations elsewhere on the globe to discuss.

Europe’s eastern neighbor Russia may be turning a corner. Yes, the overall Russian unemployment rate is pegged to go down to 6.0% from 5.8%. But a household unemployment rate is a lagging indicator.

A forecast for moves in Russia’s retail sales to -4.8% y/y from a much lower -7.3% y/y shows a clear turn up. Retail data maps closer to any present situation. The recent rise in global oil prices should play out cleanly for Russian retailers.

Watch out for hot spot Brazil. Brazil’s unemployment rate should get to 8.0% from 7.6%. The situation seems to get bleaker, in matters both economic and politic.

Brazil news could be dramatic.

Here is the Week Ahead for Global/Macro indicators—

On Tuesday , the very important IFO German business conditions index could rise back to 106 from a prior 105.7. The IFO German current conditions index could be 112.6, down from a prior 112.9, but still strong. The IFO German expectations index could get to 99.5, up from a prior 98.8. If consensus is right, sentiment is indeed improving in Europe’s largest economy.

The Eurozone ZEW economic sentiment index should go to 12 from a prior 13.6. But the ZEW current conditions component looks to rise to 53 from a prior 52.3. The ZEW economic sentiment component gets to 5.4 from a prior 1.

The U.K. CPI inflation rate should rise to +0.4% m/m, up from a prior -0.8% m/m reading. This reading shows the effect the change in oil prices had on gasoline prices at the pump.

The Fed’s Charles Evans speaks in Chicago. The Fed’s Patrick Harker speaks in NYC.

On Wednesday , the Bank of Thailand (BoT) and the central bank of the Philippines (BSP) will announce interest rate decisions.

The Polish unemployment rate is stuck at 10.3%.

The Brazilian unemployment rate could get to 8.0% from 7.6%.

The Brazilian inflation rate may fall to 10.06% y/y from a 10.84% y/y reading.

U.S. new home sales could get to 510K from a prior 494K.

On Thursday , we have a big macro news day:

Industrial production in Singapore looks weaker at -1.5% y/y, down from a prior -0.5% y/y reading.

The German GFK consumer sentiment index should be flat at 9.5%.

The preliminary French manufacturing PMI should be flat at 50.2 while the services PMI may get to 49.5 from 49.2.

The preliminary German manufacturing PMI should be 50.8 from a 50.5 number while the services stay strong at 55 from a prior 55.3.

The Eurozone composite PMI should get to 53.2 from 53. The manufacturing PMI should get to 51.4 from 51.2. The services should get to 53.5 from 53.3.

The U.K.’s retail sales ex auto and fuel should fall back to +3.5% y/y from 5.0% y/y.

U.S. durable goods ex transports should be down -0.3% m/m from a strong +1.7% m/m reading.

U.S. initial claims should be 268K.

The U.S. flash manufacturing PMI should go higher to 51.9 from 51.3.

Taiwan announces its rate decision.

The Fed’s Bullard speaks in NYC.

On Friday , U.S. core inflation should get to +0.2% m/m from a +0.3% m/m reading.

Annualized U.S. GDP for Q3 should be +1.0% q/q.

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FRESH DEL MONTE (FDP): Free Stock Analysis Report
 
NEUSTAR INC -A (NSR): Free Stock Analysis Report
 
WEST MARINE INC (WMAR): Free Stock Analysis Report
 
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