Lately it has definitely been a great time to be an investor of. to be DICK’S sporting goods, Inc. (DKS quick offerDKS – – Free report). The stock is up 18.1% last month while also trading above its 20-day SMA. That combination of strong price action and favorable tech development could indicate that the stock is on the right track.
We believe this could be the case, especially given the recent revision activity of the DKS earnings estimate. Seen in this light, the company’s future is quite favorable; as DKS earned a # 1 Zacks Rank (Strong Buy), which means the most recent streak may go a little longer and this is not the top spot for the company to focus on. You can see the full list of today’s Zacks # 1 Rank stocks here.
Time to invest in legal marijuana
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After a clean clean up of 6 polls in 5 states, cannabis is now legal in 36 states and DC is expected to be state legalized shortly, and that could be an even bigger gold mine for investors. Even before the latest wave of legalization, Zacks Investment Research recommended pot stocks that shot up to + 285.9%.
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