The market has a case of bad breath. Reread that one more time. I’m not saying it has halitosis, I’m saying that there have been a whole lot of losing stocks versus winning stocks. Even as the market has kicked up to all-time highs, the rising tide has not lifted all of the boats in the harbor. One such stock that has been lagging behind is today’s Bear of the Day.
I’m talking about Energizer ENR. Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.
Energizer Holdings, Inc. Price and Consensus
Energizer is in the Consumer Products – Staples industry which ranks in the Bottom 11% of our Zacks Industry Rank. Energizer is currently a Zacks Rank #4 (Sell). The reason for the unfavorable rank is the recent negative earnings estimate revisions coming from analysts. Over the last sixty days, analysts have cut their earnings estimates for the current year and next year. The negative revisions have dropped our Zacks Consensus Estimate for the current year from $3.47 to $3.44 while next year’s number is off from $3.71 to $3.52.
Tech IPOs With Massive Profit Potential
In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.
For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…
If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.
With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.