Stocks With More Upside: Angie’s List Inc(ANGI), Shake Shack Inc(SHAK) and Jack in the Box Inc.(JACK)
New York, NY – GDP INSIDER – 02/19/2015.
This article discusses three companies: Angie’s List Inc(NASDAQ:ANGI), Shake Shack Inc(NYSE:SHAK) and Jack in the Box Inc.(NASDAQ:JACK)
Angie’s List Inc(NASDAQ:ANGI) reported fourth quarter profits ahead of analyst expectations sending the shares 59.51% higher since the release. EPS increased to $0.26 per share from just $0.05 a year earlier. The improvement in profitability looks sustainable and drove the increase. While the shares are up, ANGI is still far short of its 52 week high of $15.17. The RSI did surge to 78 following the increase and the MFI is 87.6. The stock could go through a minor correction with these technical in or close to the level of concern. However, our reports show that the stock still has upside.
Shake Shack Inc(NYSE:SHAK) shares surged by 9.9% yesterday but are down 6.5% since the end of the day of its IPO on January 30, 2015. That said, the stock did double during its first day of trading. The company is well known in the Northeast for making a great product, and it has significant room for geographic expansion. Based on its current footprint, the stock is overvalued but the expansion is what excites investors. Shake Shack Inc announced it will expand into Japan in 2016 creating additional excite for investors.
Jack in the Box Inc.(NASDAQ:JACK) shares have had a great run since the start of August 2014. The stock has steadily increased in value by 64% over that period. The current RSI and MFI indicator values of 72.9 and 81.5, respectively, show that the stock could continue to move higher. The shares jumped again yesterday by 7% due to an earnings surprise on almost double the normal volume, another bullish indicator. EPS of $0.93 beat estimates by $0.06 with revenue increasing by 4.1% year-over-year. In addition, analysts have recently upgraded the shares.
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