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Weekly Strategy Calls
Top Conglomerate Stocks: One Corporation, Many Companies
Posted: 08/14/2024
This week, Zacks Chief Equity Strategist and Economist John Blank, PhD discusses:
โข Top stocks among Conglomerates, defined as corporations composed of several different, independent businesses. In a conglomerate, one company owns a controlling stake in several smaller companies, all of which conduct business separately and independently. John notes that some conglomerates are incredibly profitable, and in this presentation, he will show which ones look the strongest.
โข As John has done in recent analyses, he defines “top” stocks in three ways: by market capitalization, by number of analysts following the stock, and by largest percent change in F1 EPS estimate (the most important element used in assigning a Zacks Rank to stocks).
โข With this framework, John then examines key metrics for leading Conglomerates stocks, focusing on revealing data including Revenue F12M, Reinvestment Rates, Net Margin TTM %, Cash Flow Yield %, Enterprise Value/Sales and many others. Tickers he discusses range from familiar brands like Hitachi Ltd (HTHIY) and 3M Co (MMM) to less well-known names such as Carlisle Companies, Inc (CSL), Bunzl plc (BZLFY), Star Equity Holdings Inc (STRR), to name just a few. Don’t miss this in-depth analysis of conglomerates from Zacks’ Chief Equity Strategist!