Applied Industrial Technologies: A Diamond in the Rough

Among the stars of the stock market this spring shines Applied Industrial Technologies. Bolstered by rising EPS estimates, this company has seen a remarkable surge in cash flow, piquing the interest of savvy investors. Specializing in the distribution of value-added industrial products like engineered fluid power components, bearings, and power transmission supplies, Applied Industrial’s cash & equivalents have skyrocketed to multi-year peaks, standing at $344 million as of the year 2024.

Home Builders: Laying a Strong Foundation

As the spring home-shopping season kicks into high gear, the spotlight is on home builders such as KB Home and Dream Finders Homes. With stellar stock performances over the last year, KB Home’s shares are up a respectable +7% year-to-date, while Dream Finders’ shares have soared by +13%. The real gems lie in KB Home’s increased FY24 earnings estimates, showcasing a growth projection of 14%, and projected to rise another 9% in FY25.

Bottom Line: Momentum in the Making

Rising earnings estimates have set the stage for potential upside in these top-ranked stocks. With a Zacks Rank #1 (Strong Buy) designation and an “A” Zacks Style Scores grade for Momentum, investors are eyeing these stocks with great enthusiasm.

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