LANC’s wholly-owned subsidiaries, including T. LANC is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the past seven days. Zacks Rank #1 SM Energy has an expected revenue and earnings growth rate of 5.5% and 2.6%, respectively, for the current year. Higher production and better prices are expected to improve SM’s financial performance and aid free cash flow generation. As an upstream company, SM is poised to benefit from the ongoing favorable crude price environment. SM Energy expects its total 2024 production to exceed the prior-year figure by 3-4%. Notably, operating wells in the Austin Chalk allow SM to diversify its portfolio and mitigate risks related to regional demand and supply. SM Energy has roughly 155,000 net acres in South Texas and operates two drilling rigs and one completion crew.

SM is set to expand its oil-centered operations in the coming years buoyed by an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The Zacks Consensus Estimate for current-year earnings has improved 9.6% over the past 60 days. Zacks Rank #1 Allison Transmission has an expected revenue and earnings growth rate of 2.1% and 3.2%, respectively, for the current year. ALSN’s electric solutions promise growth opportunities. Regular product launches, including FracTran, TerraTran and the 3414 Regional Haul Series fully automatic transmission, bode well. The strategic buyouts of Walker Die, C&R Tool & Engineering, Vantage Power, the Off-Highway transmission portfolio of AVTEC and AxleTech’s electric vehicle system division are set to boost ALSN’s long-term prospects. For the full year, Allison Transmission envisions record total sales in the range of $3.05-$3.15 billion, up from $3.03 billion generated in 2023. ALSN expects strong results from the unit this year as well. ALSN achieved record sales in 2023, primarily on robust demand from the North America On-Highway end market.

The chart below shows the price performance of our five picks in the past three months.Īllison Transmission Holdings Inc. You can see the complete list of today’s Zacks #1 Rank stocks here. Finally, each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). These stocks have seen positive earnings estimate revisions in the past 60 days. We have narrowed our search to five mid-caps (market capital > $5 billion, < $10 billion) that have strong potential for 2024. On the other hand, if the economy continues to thrive, these stocks will gain more than small caps due to established management teams, a broad distribution network, brand recognition and ready access to capital markets. If economic growth slows down due to any unforeseen internal or external disturbance, mid-cap stocks will be less susceptible to losses than their large-cap counterparts owing to less international exposure. These may also become large-caps over time. Top-ranked, mid-cap stocks have a high potential to enhance their profitability, productivity, and market share. These stocks combine the attractive attributes of both small and large-cap stocks. Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy. Market participants are also concerned regarding the visibility of the Fed’s much-hyped “soft landing” of the economy. In the last couple of weeks, as many as 15 Fed officials said that they are in no hurry to initiate a rate cut, though the majority of these officials still believe that at least one rate cut of 25 basis points will happen this year.

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