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The Zacks Analyst Blog Highlights: Lockheed Martin, United Technologies, Cross Country Healthcare, Kforce And Randstad Holding

Published 02/26/2017, 09:30 PM
Updated 07/09/2023, 06:31 AM
For Immediate Release

Chicago, IL – February 27, 2017 – 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 Lockheed Martin Corp. (NYSE: LMT Free Report ), United Technologies Corp. (NYSE: UTX Free Report ), Cross Country Healthcare, Inc. (NASDAQ: CCRN Free Report ), Kforce Inc. (NASDAQ: KFRC Free Report ) and Randstad Holding NV (OTCMKTS: RANJY Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Friday’s Analyst Blog:

3 Top Staffing Stocks to Buy on Trump’s Job Pledge

President Donald Trump met a few chief executives of the country’s biggest manufacturers and pledged to return jobs to millions in the U.S. His campaign promises, including a job-boosting tax or infrastructure program, is likely to reverse a decade-long decline in factory jobs.
Staffing companies stand to gain the most from such initiatives. Jobless claims staying at its lowest level in more than four decades, unemployment rate declining considerably and the economy adding jobs at a steady clip, also bode well for such companies.

Trump Plans to Bring Back Millions of Jobs

Trump turned to manufacturing executives and powerful business leaders, praising their efforts toward generating jobs in the U.S. and pledged to bring back jobs, which corporate America has outsourced to other countries in search of cheaper labor.
In his first month in office, Trump insisted many top executives to hire in the U.S., while he promised to roll out favorable proposals, including a plan to overhaul the tax code and increase in infrastructure spending that was part of his 2016 presidential campaign promises. These measures will eventually help companies create jobs. He also touched on his plans of deporting illegal immigrants to Mexico, while Secretary of State Rex Tillerson is already in Mexico on what Trump described as a “tough trip”.
U.S. has lost more than five million manufacturing jobs since 2000, mostly due to lower wages, automation and foreign competition. Many companies look at trimming their employment costs by moving jobs to places were workers are paid a lot less than that in the U.S. Trump added that a lot of manufacturing jobs were lost since the U.S. joined the North American Free Trade Agreement in 1994, while around 70,000 factories were shut down since China joined the World Trade Organization almost 16 years ago.

Manufacturing Executives Ecstatic

Several CEO’s, who met Trump, are part of the coalition that supports the so-called border adjustment tax, which includes imposing a 20% tax on goods imported while providing write-offs for goods that are exported. Such initiatives by Trump to bring more jobs back have elated many executives.
Chief executive of Lockheed Martin Corp. (NYSE: LMT Free Report ), Marillyn A. Hewson said that she was “very excited about the fact that this is one of the first actions that Trump wants to take on”. The President during the meeting with 24 corporate chieftains, in fact, singled out Greg Hayes of United Technologies Corp. (NYSE: UTX Free Report ) praising its decision last year to keep hundreds of jobs in the U.S.

Initial Claims Point at Strong Jobs Market

The labor market, in the meantime, is stronger than it has been in decades. The number of Americans filing for unemployment benefits touched its lowest point in more than four decades. Initial claims rose 6,000 to 244,000 last week, according to the Labor Department. But, the four-week average decreased by 4,000 to 241,000, the lowest since July 21, 1973. For the 103rd straight week, jobless claims, in fact, stayed below the 300,000 mark, the longest stretch to be within that figure since 1970.
Lest we forget that the unemployment rate has dropped to an impressive 4.8%, while the labor market is close to or at full employment level. Unemployment figures continue to decline as many companies are searching for jobs and are also holding on to their employees as the economy continues to gather steam at a steady pace. The U.S. economy had already added 227,000 jobs during the month of January, the best monthly job gains since September (read more: 5 Stocks to Buy on Big New Jobs Numbers ).

3 Best Staffing Stocks to Buy Now

Banking on such aforementioned encouraging trends, we present three staffing stocks that boast a Zacks Rank #1 (Strong Buy) and are well poised to grow in the near term. Such stocks also flaunt a VGM score of ‘A’ or ‘B’. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
The optimism in the staffing space is also confirmed by its solid Zacks Industry Rank in the top 26%, indicating continued hiring and more job opportunities. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1.

Cross Country Healthcare, Inc. (NASDAQ: CCRN Free Report ) is engaged in providing healthcare recruiting, staffing and workforce solutions. Cross Country Healthcare has a VGM Score of ‘B.’ The company’s estimated earnings growth rate for this year is 14.4%, more than the industry’s return of 13.9%.
The Zacks Consensus Estimate for its current year earnings increased 4.4% over the last 60 days. Shares of Cross Country Healthcare broke into a new 52-week high on Feb 23, hitting a peak of $16.38. Bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy.

Kforce Inc. (NASDAQ: KFRC Free Report ) is engaged in providing professional and technical specialty staffing services and solutions. Kforce has a VGM Score of ‘A.’ The company’s estimated earnings growth rate for this year is 27%, more than the industry’s return of 12.7%.
The Zacks Consensus Estimate for its current year earnings increased 7.4% over the last 60 days. After the company reported a 12% earnings beat for the fourth quarter, analysts have raised the company’s full-year estimates from $1.48 to $1.59. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Randstad Holding NV (OTCMKTS: RANJY Free Report ), a staffing and recruitment company, provides solutions in the field of flexible work and human resources (HR) services. Randstad Holding has a VGM Score of ‘A.’ The company’s estimated earnings growth rate for this year is 13.4%, more than the industry’s return of 12.7%.
The Zacks Consensus Estimate for its current year earnings increased 12.3% over the last 60 days (read more: Why Randstad Holding Could Be a Top Value Stock Pick ).

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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Lockheed Martin Corporation (NYSE:LMT): Free Stock Analysis Report

United Technologies Corporation (NYSE:UTX): Free Stock Analysis Report

Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report

Kforce, Inc. (KFRC): Free Stock Analysis Report

Randstad Holding NV (RANJY): Free Stock Analysis Report

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