As mentioned in previous posts, today hasn’t been the best day for United States stocks. Nonetheless, there are always those that grow on bad days; and in the service industry, I’ve found a few nice gainers. Here’s what we’re seeing in service and possible ways to capitalize on the opportunities.
ITT Educational Services Stock Reaches Support
ITT Educational Services, Inc. (NYSE: ESI)
After several days of downtrends, it seems as though ITT Educational Services stock has reached support as it’s trading incredibly strong today. Currently (2:25), ESI is trading at $3.80 per share after a gain of 12.43% so far today. Based on what I’m seeing in the chart, I’m expecting to see a slight dip in either late trading today or early trading tomorrow followed by more upward movement. So, keep an eye on this one as an entrance point may be just around the corner.
Casey’s General Stores Stock Climbs On Solid Earnings
Casey’s General Stores Inc (NASDAQ: CASY)
Casey’s General Stores stock is flying high today following the release of its most recent earnings report. In the report, we saw EPS growth of more than 40%. The company also blew away expectations with regard to same-store fuel gallons sold; coming in at a 3.5% improvement. Overall, investors have a reason to be happy with CASY, and today, they’re showing their support. Currently (2:31), the stock is trading at $93.70 per share after a 7.38% gain so far today. This is another one that could prove to be a great opportunity. So, it may be time to start looking for pull backs that present an opportunity to buy.
Pep Boys Stock Is Also Up On Earnings
Pep Boys-Manny Moe and Jack (NYSE: PBY)
Finally, Pep Boys-Manny Moe and Jack blew away expectations with regard to earnings; sending their stock up, up, and away! The company reported sales for the quarter at $542.3 million; with net earnings coming in at $11.9 million ($0.22 EPS). In the same quarter a year ago, EPS came in at $.03; so, we’re seeing great growth. As a result, investors reacted; sending the stock up. Currently (2:35), PBY is trading at $11.64 per share after a gain of 10.12% so far today. This is another stock with good reason to grow. So, start looking for opportunities to get in on the gains.
Do You Know Of Any Other Opportunities In The Service Industry?
If so, please share them with us in the comments below!