Zacks
Tahoe Resources, AB Inbev, New Oriental Education and Technology Group and TAL Education Group highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research
Updated

For Immediate Release

Chicago, IL – July 29, 2016 – Zacks Equity Research highlights Tahoe Resources (TAHO) as the Bull of the Day and AB Inbev (BUD) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on New Oriental Education and Technology Group Inc. (EDU) and TAL Education Group (XRS).

Here is a synopsis of all four stocks:

Bull of the Day :

While everyone has been focused on surging gold prices, the silver space has quietly been on fire too. In fact, while gold ETFs like GLD have added about 25% year-to-date, silver funds such as SLV have actually gained nearly twice as much, adding roughly 45% so far in 2016.

And much of this gain has been in the past month, as SLV has added more than ten percent, compared to a gain of just over 1% for GLD in the same time frame. Clearly, some level of leadership in the precious metal world is being to shift to silver, even if most investors remain ignorant about the gains.

Great Opportunity

This under-the-radar trend makes for an interesting situation for investors. It could actually make for a great time to buy some silver mining stocks which have lagged the competition up until now, but are actually seeing strong fundamentals in terms of earnings estimate revisions. A great example of this is Tahoe Resources (TAHO).

This Nevada-based company has mines in Guatemala and Peru, and it actually has exposure to both silver and gold. The company has underperformed its counterparts and a broad silver mining benchmark on a YTD look, and while that isn’t good news for current investors, it could make for a fantastic entry point for new investors seeking to get in on the silver bull trend before it is too late.

Why TAHO Now

Analysts have been embracing TAHO shares as evidenced by recent increases in earnings estimates. In fact, we haven’t seen a single estimate move lower in the past sixty days for either the current quarter or the current year, while analysts are now looking for EPS growth of close to 28%.

Bear of the Day:

In this day and age of “If you can’t beat em, join em” nothing surprises me. I mean, Kevin Durant moving over to the Golden State Warriors is nothing compared to AB Inbev (BUD) making a play for SABMiller. Recently AB Inbev upped their offer to make up for a weakened British Pound post-Brexit. The offer now stands at 45 Pounds per share. I couldn’t help point out the hilariousness in one of my Trending Stocks videos.

I’m not bearish on InBev in the short term because of the deal. I’m bearish because it’s a Zacks Rank #5(Strong Sell) with a Value Style Score of F and a Growth Style Score of D. That tells me the valuations are a little out of whack and the estimate revisions haven’t been moving in the right direction.

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