Axon, the Taser and body camera company, is a volatile stock that was sold due to a past earnings miss, but could regain momentum if it consistently beats estimates and guides higher.
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4 Tanker Stocks to Buy NOW as Strait of Hormuz Crisis Continues (Up to 346% Earnings Growth!)
The creator discusses the current market conditions, highlighting strong retail sales and corporate buybacks as bullish indicators. He then dives into four specific tanker stocks (Teekay Tankers, International Seaways, Eco Tankers, and Scorpio Tankers) that are benefiting from geopolitical disruptions in the Strait of Hormuz, citing significant earnings growth for each. Additionally, he provides updates on other stocks like Intellicheck, New York Times, Netflix, Super Micro Computer (SMCI), COLL, Elemental Royalty (ELE), and Axon, offering his investment thesis and conviction for each.
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Tickers discussed in this post
Super Micro Computer (SMCI) is a strong buy with exceptional sales (171%) and earnings (101.5%) growth, steady analyst estimates, and a massive 3-year order backlog, despite past controversy.
Netflix has issues with guidance and CEO retirement, and needs to invest in servers for streaming quality, but still has dominant programming.
The New York Times shows improving sales and earnings growth, but it's not strong enough for a recommendation.
Intellicheck (IDN) is performing exceptionally well, with sales up 16.2% and earnings projected to increase by 152.1%, driven by recent analyst estimate revisions.
Scorpio Tankers is recommended with earnings growth near 150% (148.2%), sales up 33.4%, positive analyst revisions, and a good earnings surprise history, benefiting from current market chaos.
Eco Tankers (ECO) is highlighted as the strongest pick with sales up over 167% and earnings forecast to surge 364.2%, backed by a strong earnings surprise history.
International Seaways is a strong buy with earnings growth near tripled (167.8%), sales forecast up 41.1%, positive analyst revisions, and a solid earnings surprise history.
Teekay Tankers (TNK) is recommended due to strong earnings growth (120.2%), sales growth (34.2%), positive analyst revisions, and a great earnings surprise history, benefiting from Middle East disruptions.
Micron Technology is a major holding with incredible earnings environment and strong forecast sales and earnings, supported by a 36% year-to-date increase in buybacks.