The U.S. economy is expected to strengthen next year, in part because of the government stimulus proposed at by President-elect Donald Trump, but job growth is likely to slow as the recovery approaches its eighth anniversary, according to a recent survey of economists.
The economy is projected to grow at a 2.3% annual rate in 2017, up from an estimated 1.6% this year, according to the average forecast of 53 economists surveyed earlier this month by Blue Chip Economic Indicators. Thats modestly above the tepid 2.1% average that has prevailed since the Great Recession ended in June 2009.
The big wild card: the Trump effect. Quick congressional passage and implementation of his plan to sharply increase infrastructure and defense spending and slashtaxes could mean faster growth. But delays or a significant scale-down by lawmakers could leave the higher interest rates his blueprint already has triggered without the benefits. And Trumps threats to slap big ta riffs on China and Mexico risk trade wars that could further roil the economy.
Hot Blue Chip Stocks To Watch Right Now: Lions Gate Entertainment Corporation(LGF)
- [By Monica Gerson]
Lions Gate Entertainment Corp. (USA) (NYSE: LGF) is projected to post a quarterly loss at $0.01 per share on revenue of $740.67 million.
Eaton Vance Corp (NYSE: EV) is estimated to report its quarterly earnings at $0.48 per share on revenue of $321.42 million.
- [By Ben Levisohn]
Here we think names trading in the mid-single digit multiple range such as AMC Networks (AMCX) should benefit the most as should Lions Gate Entertainment (LGF) / Starz (STRZA), Viacom (VIAB), Viacom (VIA) and Scripps Networks Interactive (SNI).
- [By Ben Levisohn]
Starz (STRZA) has jumped 14% to$32.16 after agreeing to be purchased by Lions Gate Entertainment (LGF) in a deal that values Starz at about $4.4 billion. Lions Gate has climbed 9.4% to $22.90.
Hot Blue Chip Stocks To Watch Right Now: ManpowerGroup(MAN)
- [By Bryan Murphy]
Look out ManpowerGroup Inc. (NYSE:MAN). And Robert Half International Inc. (NYSE:RHI)? You may want to look over your shoulder as well. A young-and-hungry staffing solutions competitor named Staffing 360 Solutions Inc (NASDAQ:STAF) is coming on strong, and just proved it again today. Some of its preliminary fiscal Q2 numbers were reported today, and they extend what’s become a long-term growth streak.
The definition of a roll-up isn’t a hard and fast one, though even the broad brush strokes paint a pretty clear picture. Investopedia defines a roll-up (also known as a “roll up” or a “rollup”) a merger that occurs when investors (often private equity firms) buy up companies in the same market and merge them together. Roll-ups combine multiple small companies into something bigger and better to be able to enjoy economies of scale. Private equity firms use roll-ups to rationalize competition in crowded and/or fragmented markets and to combine companies with complementary capabilities into a full-service business.
It’s also the kind of strategy Staffing 360 Solutions is executing, with great success. For the fiscal quarter ending in November, Staffing 360 Solutions has pre-reported revenue of $47 million, and a gross profit of $8.1 million. Those figures are up 14% and 8%, respectively, year-over-year.
Hot Blue Chip Stocks To Watch Right Now: ADA-ES Inc.(ADES)
- [By Jim Robertson]
Yesterday, our Under the Radar Moversnewsletter suggested small cap emissions solutions stock Advanced Emissions Solutions, Inc (NASDAQ: ADES) as a potential long/bullish trade:
Hot Blue Chip Stocks To Watch Right Now: Spark Therapeutics, Inc.(ONCE)
- [By Jim Robertson]
On Wednesday, our Elite Opportunity Pronewsletter suggested going long again on small cap gene therapy stock Spark Therapeutics (NASDAQ: ONCE):
Financially, Spark Therapeutics has over $300M in cash on the books and no debt to speak of yet, which equates to a share price of just over four times cash. The Company has generated over $20M in revenue for the trailing twelve months, and although the Company is expected to continue to lose money for the next few years, any strong clinical data that hits the tape could rocket shares of ONCE overnight, just like we’ve seen with so many others over the years.
Hot Blue Chip Stocks To Watch Right Now: Interactive Intelligence Inc.(ININ)
- [By Lisa Levin]
Interactive Intelligence Group Inc (NASDAQ: ININ) shares were also up, gaining 18 percent to $28.06 after the company reported stronger-than-expected quarterly results.