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The Zacks Analyst Blog RCM Technologies, Datatec, EVERTEC and Xperi
Chicago, IL – December 13, 2024 – 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 including RCM Technologies, Inc. RCMT, Datatec Ltd. DTTLY, EVERTEC, Inc. EVTC and Xperi Inc. XPER.
Here are highlights from Friday’s Analyst Blog:
4 Business Services Stocks You'll Regret Not Buying on Their Dips
Markets often present the opportunity to grab beaten-down fundamentally strong stocks due to the probability of an increase once the short-term headwinds diminish, resulting in a capital gain. This explains the concept of “Buy the Dip,” a principle of investing cherished among intelligent investors across the globe
Over the past year, inflationary pressure, the Russia-Ukraine war, and labor market issues have pressurized bourses. Although this situation might hinder an average investor, the wiser ones consider these headwinds a golden opportunity and buy the stocks at a lower price, knowing that the downtrend is temporary and the factors causing it are fleeting.
Given this backdrop, we expect RCM Technologies, Inc., Datatec Ltd., EVERTEC, Inc. and Xperi Inc. to be sound choices at their current price levels.
Market Sometimes Offers Discounted Stock Prices
Declining stocks provide investors with a buying opportunity. This might sound very rewarding, but it also carries the risk of following the herd and purchasing stocks that are too weak to recover.
Hence, selecting the right stock that is anticipated to remain fundamentally strong based on your investment goals and risk profile is extremely important.
Warren Buffett once remarked, “The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety. That's what Ben Graham taught us. A hundred years from now, they will still be the cornerstones of investing.”
To make an informed decision, extensive research must be done on the companies, industry, economy, markets and other factors.
Here Are Some Present Good Picks
RCM Technologies: This provider of business and technology solutions in the United States, Europe, Canada and Puerto Rico is down 20.1% in the year-to-date period.
RCMT currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A, a combination that our research shows offers the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the company’s 2024 earnings has moved 1.3% north in the past 60 days. Earnings are expected to increase 11.9% and 20.34% year over year in 2024 and 2025, respectively.
RCM Technologies, Inc. price | RCM Technologies, Inc. Quote
Datatec Limited: This company, with its subsidiaries, offers information and communication technology solutions and services worldwide. The stock has plunged 14.9% in the year-to-date period.
DTTLY presently has a Zacks Rank #2 and a VGM Score of A. The consensus estimate for fiscal 2025 earnings has moved 10.9% north in the past 60 days. Earnings are anticipated to increase more than 100% and 16.4% year over year in fiscal 2025 and 2026, respectively.
DATATEC price | DATATEC Quote
EVERTEC: This company engages in transaction processing business and financial technology across Latin America and the Caribbean. The stock has plunged 11.7% in the year-to-date period.
EVTC presently carries a Zacks Rank #2. The consensus estimate for the company’s 2024 earnings has gained 2.6% in the past 60 days. Earnings are expected to increase 10.6% and 4.3% year over year in 2024 and 2025, respectively. It has a long-term earnings growth expectation of 8.6%.
Evertec, Inc. price | Evertec, Inc. Quote
Xperi: This consumer and entertainment technology provider across the globe is down 8.6% in the year-to-date period.
XPER currently carries a Zacks Rank #2. The consensus mark for the company earnings in 2024 has increased 61.1% in the past 60 days. Earnings are anticipated to increase more than 100% and 3.5% year over year in 2024 and 2025, respectively.
Xperi Inc. price | Xperi Inc. Quote
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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.
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