New York Times CompanyRecommended as a low-beta pick with positive earnings estimate revisions
Consumer confidence saw a marginal improvement in June but remains near historic lows, prompting a recommendation for defensive consumer staples stocks. The consumer confidence index rose to 91.2 from a downwardly revised 90.6, while the University of Michigan's consumer sentiment index increased to a final reading of 49.5 from 44.8. The uptick follows a temporary halt in U.S.-Iran hostilities that eased oil prices, though inflation and labor market concerns persist. Private sector payrolls added 98,000 jobs in June, below estimates, and markets are pricing in a 25-basis-point Federal Reserve rate hike by year-end. Zacks Investment Research highlights John Wiley & Sons, Tyson Foods, Arko Corp., and The New York Times Company as low-beta picks with positive earnings estimate revisions and Zacks Ranks of 1 or 2.
New York Times CompanyRecommended as a low-beta pick with positive earnings estimate revisions
John Wiley & SonsRecommended as a low-beta pick with positive earnings estimate revisions
Arko CorpRecommended as a defensive consumer staples pick with positive earnings estimate revisions
Tyson Foods IncRecommended as a defensive consumer staples pick with positive earnings estimate revisions
Automatic Data Processing Inc