Yahoo Finance How to Find Strong Buy Computer and Technology Stocks Using the Zacks Rank
It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Amphenol (APH) for Your Portfolio?
Amphenol was upgraded to the Zacks Rank #1 list on June 14, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Amphenol designs, manufactures and markets electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable.
For fiscal 2024, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $1.70 per share. APH boasts an average earnings surprise of 6.9%.
Analysts are expecting earnings to grow 12.6% for the current fiscal year, with revenue forecasted to rise 8.9%.
Additionally, APH has climbed higher over the past four weeks, gaining 4.8%. The S&P 500 is up 4.2% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Amphenol could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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