Five stocks with incredibly high stock scores

Each week InvestorsObserver’s Stock Score Report newsletter, highlights five stocks, tells you about what’s been going on with them, and gives you the overall scores. InvestorsObserver’s Stock Score Report combines three proprietary scores, short term technical, long-term technical and fundamental, into a single score that measures a stock’s suitability for investment.

Micron Technology

Micron Technology (MU) has been a top performer over the last year, and the stock has appreciated by 77.8% in 2017 alone. The company makes semiconductors, and as chip prices have risen, so have the stock’s profits. The company reported much better than expected quarterly results in late September, and believes that a supply shortage of DRAM and NAND chips will continue to prop up prices until at least the end of the year. For the current quarter, the company expects revenue in a range of $6.1 billion and $6.5 billion, versus the consensus $6.1 billion. InvestorsObserver gives the stock a short-term technical score of 95 and a high fundamental score as well. MU is trading at $39.13, and analysts have an average price of $48.23 on the stock.

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Chart courtesy of www.stockcharts.com

Conn’s Inc.

Conn’s (CONN) is a specialty retailer, focused on electronics and household furniture. The stock has enjoyed big gains over the last six months, fueled by a strong of much better than expected quarterly results. Earnings growth has been fantastic for the company, with full year growth expected at 436% for the current year, and an additional 124.3% next year. The long-term outlook is also upbeat, with analysts forecasting five year earnings growth of 18.5% per annum. The stock has appreciated 116% on the year, but analysts believe there is still additional upside potential. CONN is currently trading at $27.45, and analysts have an average price target of $29.25 on the stock. InvestorsObserver gives the stock an overall score of 89, with high technical and fundamental scores.

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Chart courtesy of www.stockcharts.com

Lennar Corp.

Ongoing strength in the U.S. housing market has pushed homebuilder stocks higher, with Lennar Corp. (LEN) currently trading just pennies below its 52-week high. The stock’s recent strength has driven the stock’s technical scores higher, and coupled with strong fundamentals the stock has received a high overall stock score of 85 on the stock from InvestorsObserver. Rising interest rates are a concern for the sector, but even with the recent rate hikes, interest rates are near historic lows, and so far they have not had a negative impact on the housing recovery, and it will take several more rate hikes before any meaningful impact is felt. LEN has risen 30.3% on the year, and analysts believe there is more upside left in the stock. LEN currently trades at $55.83, and analysts have set an average price target of $58.78 on the stock.

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Chart courtesy of www.stockcharts.com

Align Technology

Align Technology (ALGN) manufactures medical appliances and equipment. The stock has shot higher on the year, fueled by strong earnings growth, which is expected to continue down the road. Earnings for the current year are forecast to rise 41.1%, and over the next five years analysts see average annual earnings growth of 24.3%, which should keep strength under the stock moving forward. Shares are up 93.3% on the year to $186.00, and analysts have an average price target of $194.70 on the stock, suggesting 4.7% additional upside potential. With the recent technical strength, and strong underlying fundamentals, InvestorsObserver gives the stock an overall score of 86, with high fundamental and technical scores.

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Chart courtesy of www.stockcharts.com

MetLife, Inc.

Insurance provider MetLife Inc. (MET) has been trending higher along with the overall insurance sector. The primary reason Wall Street is so bullish on the sector is rising interest rates. Insurance companies generate a substantial portion of their profits from interest income, and as rates start to rise, so do profits. MetLife receives an overall score at InvestorsObserver of 84, and its technical and fundamental scores are all strong. The stock has appreciated 12.1% on the year, and is currently trading at its 52-week high. Profits have been better than expected the last two quarters, and the company will next report earnings on November 1. MET is now trading at $52.63, and analysts have an average price target of $54.33 on the stock.

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Chart courtesy of www.stockcharts.com