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Zacks Value Trader Highlights: Encore Wire, Signet Jewelers and HIVE Blockchain Technologies

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Chicago, IL – August 5, 2022 – Zacks Value Trader is a weekly podcast hosted by Zacks equity strategist Tracey Ryniec. Each week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how they impact your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/1964202/learn-the-basics-of-value-stock-screening?art_rec=home-home-top_stories-ID01-txt -1964202)

Learn the basics of value stock verification

Welcome to episode #292 of the Value Investor podcast.

  • (0:30) – How do you find good value stocks?
  • (5:50) – The metrics for the perfect filter
  • (14:20) – Tracey’s Top Stock Picks
  • (27:30) – Summary of episodes: FIL, SIG, RUCHE
  • podcast@zacks.com

Each week, Zacks Value Investor Portfolio Editor Tracey Ryniec shares some of her top investing tips and stock picks.

It’s time to get back to basics.

How do you find value stocks? Where are you looking? If you are going to “filter” them, where do you find the screens?

Zacks Free Basic Stock Screens

On Zacks.com, under the Screening tab on the homepage, you can find 9 free pre-made stock screens.

These are “basic” screens that include value, growth, income, small caps and low beta stocks. Tracey ran both screens of free-value actions, but they gave her over 100 actions in total.

Desperate to narrow the numbers, she created her own free stock screen on Zacks.com using the Stock Screener tool, looking for Zacks Rank #1 (Strong Buy) stocks with a P/E at term less than 5.

There are only 246 Zacks Strong Buy shares, the highest of the Zacks ranks.

This screen has always returned 33 actions.

3 stocks ranked #1 at low prices

1. Encore Wire Corp.

Encore Wire is a manufacturer of copper and aluminum for residential, commercial and industrial wiring needs. It has no long-term debt and had cash of $469.5 million at the end of the last quarter.

Shares of Encore Wire are down 15% year-to-date, but are up 56% from a year ago. Revenue is expected to rise 2.4% this year to $26.86.

It’s cheap, with a forward P/E of just 4.5. Encore Wire has a small dividend and also does a stock buyback program.

Should Encore Wire be on your shortlist?

2. SIG Jewelers Bookmark

Signet Jewelers operates more than 2,800 jewelry stores in the United States, United Kingdom and Canada, under the Kay, Zales and Jared brands, among others.

Shares of Signet Jewelers have fallen 27% year-to-date but are off summer lows.

Earnings are expected to rise this year, rising just 1.5%.

Signet Jewelers is cheap with a forward P/E of just 4.9 and a PEG ratio of 0.6. A PEG ratio below 1.0 generally indicates both growth and value.

With fears of a recession still looming large, should investors take a chance with Signet Jewelers anyway?

3. HIVE Blockchain Technologies HIVE

HIVE Blockchain Technologies is a cryptocurrency miner that has green-powered data centers in Canada, Sweden, and Iceland.

In July, HIVE Blockchain Technologies announced that it achieved record annual revenue for the fiscal year ended March 31, 2022. Revenue was $211 million with profit of $79 million, or $0. $90 per share.

But shares of HIVE Blockchain Technologies have fallen 62% since the start of the year, even as it posts record earnings.

It’s extremely cheap, with a forward P/E of just 1.4 and analysts are bullish on fiscal 2023, with earnings expected to rise 283%.

Should value investors take a chance on HIVE Blockchain Technologies Small Cap or is the P/E telling you to be cautious?

What else should you know about base value filtering?

Tune into this week’s podcast to find out.

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Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the editor of the Insider Trader and Value Investor services. You can follow her on Twitter at @TraceyRyniec and she also hosts the Zacks Market Edge podcast on iTunes.

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

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Signet Jewelers Limited (SIG): Free Stock Analysis Report

Encore Wire Corporation (WIRE): Free Stock Analysis Report

HIVE Blockchain Technologies Ltd. (HIVE): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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