When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Industry Overview - The Zacks Leisure and Recreation Services Industry ranks in the top 31% of over 250 Zacks industries, with several stocks achieving a Zacks Rank 1 (Strong Buy) status [1] Atour Lifestyle Holdings - Atour Lifestyle Holdings (ATAT) is the largest upper midscale hotel chain in China, operating 834 hotels across 151 cities [2] - Following China's new economic stimulus and deflationary efforts, ATAT's stock has surged over +50% in the last month and +66% year-to-date [2] - Earnings estimates for fiscal 2024 and FY25 have increased by 10% and 5% respectively in the last 60 days, with ATAT trading at a forward earnings multiple of 22.8X [3] - Annual EPS is expected to rise by 32% this year to $1.22, up from $0.92 in 2023, with FY25 EPS projected to grow another 14% [3] - Atour anticipates high double-digit top line growth, aiming for annual sales nearing $1 billion, and offers a 1.51% annual dividend yield [3] - Since going public in November 2022, ATAT's stock has increased by +120% [3] Cruise Lines - The Federal Reserve's interest rate cuts are expected to boost consumer discretionary spending, benefiting Carnival Corporation (CCL) and Norwegian Cruise Line (NCLH), both rated as strong buys [6] - CCL and NCLH have experienced record bookings for 2024, with expectations of a significant rebound in earnings [6] - EPS estimates for both cruise lines have been trending higher over the last 30 days, and they trade at discounts compared to the industry average of 22.5X forward earnings and the S&P 500's 24.4X [6] Market Outlook - Increased spending on leisure and recreation services is anticipated as global inflation eases, which could positively impact the performance of highly-ranked Zacks stocks [7]

Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) shares ended the last trading session 6.2% higher at $27.65. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 37.4% gain over the past four weeks.Shares of ATAT are expected to have gained on the optimism induced by the recent fiscal stimulus from the People's Bank of China (PBOC). This stimulus includes interest rate cuts and additional funding opportunities, op ...

Company Overview - Atour Lifestyle Holdings (ATAT) experienced a stock price increase of 5.11%, with the last trading price at $27.37 per share and a trading volume of 2.02476 million shares [1] - The company reported a revenue of $248 million, a net profit of $41.93 million, an earnings per share (EPS) of $0.30, and a gross profit of $103 million [1] - The price-to-earnings (P/E) ratio for Atour is 26.36x [1] - Institutional ratings for ATAT are entirely positive, with all 14 institutions recommending a buy [1] Industry Insights - The accommodation industry, where Atour operates, saw an overall gain of 0.74% [2] - Significant movers in the sector included Sonder Holdings Inc, Luxurban Hotels Inc., and Huazhu, with Atour being particularly active with a turnover rate of 1.48% [2] - Luxurban Hotels Inc., Sonder Holdings Inc., and GreenTree Hospitality Group showed the most volatility, with price fluctuations of 10.43%, 8.43%, and 6.85%, respectively [2] - Atour operates as a mid- to high-end chain hotel operator in China, generating income through franchise and management fees, sales of hotel supplies, lease operations, and retail products [2]

Shares of Atour Lifestyle Holdings Ltd (ATAT, Financial) surged 3.69% in mid-day trading on Oct 2. The stock reached an intraday high of $27.11, before settling at $27.00, up from its previous close of $26.04. This places ATAT 0.41% below its 52-week high of $27.11 and 79.28% above its 52-week low of $15.06. Trading volume was 1,093,552 shares, 90.2% of the average daily volume of 1,213,011.Wall Street Analysts ForecastBased on the one-year price targets offered by 12 analysts, the average target price for ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 30:Pampa Energía S.A. (PAM) : This integrated power company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.Pampa Energía' shares gained 37.4% over the last three months compared with the S&P 500’s advanced of 4.7%. The company possesses a Momentum Score of A.Sterling Infrastructure, Inc. (STRL) : This infrastruc ...

Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ATAT's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a long ...

Shares of Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) have gained 22.1% over the past four weeks to close the last trading session at $21.25, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $28.18 indicates a potential upside of 32.6%.The mean estimate comprises four short-term price targets with a standard deviation of $3.16. While the lowest estimate of $25.20 indica ...

Group 1 - The article emphasizes the importance of confirming the sustainability of a trend for successful short-term investing, highlighting that trends can reverse unexpectedly, leading to potential losses for investors [1] - A predefined screen called "Recent Price Strength" is mentioned as a useful tool for identifying stocks that are on an uptrend with strong fundamentals, particularly those trading near their 52-week high [1] Group 2 - Atour Lifestyle Holdings Limited (ATAT) is identified as a strong candidate for trend investors, having increased by 17.9% over the past 12 weeks and 22.1% over the last four weeks, indicating a sustained upward trend [2][3] - ATAT is currently trading at 98.4% of its 52-week high-low range, suggesting it may be on the verge of a breakout [3] Group 3 - The stock carries a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3] - The Average Broker Recommendation for ATAT is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3] Group 4 - The article suggests that the price trend for ATAT is unlikely to reverse soon, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [4] - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help in identifying potential winning stocks [4]

Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Z ...