Zacks Investment Ideas feature highlights: Big Five Sporting Goods, Tailored Brands, Wellcare Health Group, Ellie Mae and Dave & Busters

For Immediate Release

Chicago, IL – December 19, 2016 – Today, Zacks Investment Ideas feature highlights Features: Big Five Sporting Goods (NASDAQ:BGFV– Free Report),Tailored Brands (NYSE:TLRD– Free Report),Wellcare Health Group (NYSE:WCG– Free Report),Ellie Mae (NYSE:ELLI– Free Report) and Dave & Busters (NASDAQ:PLAY – Free Report).

5 Growth Stocks That Are Fresh Strong Buys

With the Fed behind us and the markets digesting higher interest rates in both the near term and down the road, we are seeing signals that is time to get position for another leg higher. The Dow Jones Industrial Average looks to be on a final push higher to 20,000 and beyond and some strategists are calling for Dow 25,000 at the end of 2017!

Investors should be looking at the growth stocks that are best positioned to benefit from the move higher. I dug around to find a few of my favorite growth names that were recently name Zacks Rank #1 (Strong Buy) stocks.

A Rocking Retailer

Big Five Sporting Goods (NASDAQ:BGFV – Free Report) was made a Zacks Rank #1 (Strong Buy) on December 15 and it is also has a growth style score of “A” and that is just what I am looking for. The stock has pulled back from recent highs over $20 to just over $18 so there is room for about a 10% advance.

Retailers have been looking good lately and this one has beaten the Zacks Consensus Estimate in each of the last two earnings reports. Those beats, along with excellent consumer confidence stats have led analysts to raise earnings estimates for this year and next.

The Zacks Consensus Estimate for 2016 has moved from $0.54 to $0.80 over the last 90 days while the 2017 number has also jumped to $0.95 from $0.66.

This would be a great time to jump on board this stock as a Santa Claus rally play.

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All “A’s”

When I first saw the name of the next company I thought of about 15 puns that I could use involving Taylor Swift. The youthful singer does have “ Style” and when buying men’s suits I could sure use some of that “James Dean daydream” style.

That all brings me to Tailored Brands (NYSE:TLRD – Free Report) which was also made a Zacks Rank #1 (Strong Buy) on December 15. This stock also sports a Growth, Value and Momentum Style Scores of “A” which isn’t a bad thing at all. After peaking at about $65 in 2015, this stock found some “Bad Blood” with Wall Street analysts as estimates dropped in a big way. After being in a “Blank Space” for the last year or so, this stock has taken off thanks to a recent big beat.

Blood In The Cut

Enough Taylor Swift already, she is so 2015. More recently my musical diversions are coming from K. Flay and the new(ish) song “ Blood In the Cut” and when I do get a cut that bleeds I start to think of healthcare stocks.

Wellcare Health Group (NYSE:WCG – Free Report) was made a Zacks Rank #1 (Strong Buy) on December 13 and it too sports a Growth Style score of “A.” This managed care company recently bought a stock that I held in the Stocks Under $10 portfolio here at Zacks. Universal American (UAM) accepted an offer of $10 in cash per share from WCG.

Estimates for WCG have recently moved higher, with the Zacks Consensus Estimate moving from $5.03 to $5.45 in the last 60 days. The 2017 number has also moved higher, going from $6.02 to $6.26 over the same time period.

Bet The House

Now that you know what I am listening to I bet you want to know who I think takes home the College Football National Championship. Loyal readers know I love my Buckeyes and I might even bet the house they take it home AGAIN.

Speaking of a house, Ellie Mae (NYSE:ELLI – Free Report) is a Zacks Rank #1 (Strong Buy) as of December 13 and just like the other stocks, it too has a Growth Style Score of “A.” The common sense in me said that following the rate hike people would not want to refinance as much. In speaking with a couple mortgage brokers recently they said that not everyone is as clued into the workings of interest rates as we may think.

Not Playing Around

Finally, I feel the need to remind you that this is no game. It is serious business. Ok, well there is always room for some PLAY. That is why I am putting Dave & Busters (NASDAQ:PLAY – Free Report) on this list as well. This stock became a Zacks Rank #1 (Strong Buy) on December 10. Estimates are calling for 33% growth next year and that is part of the reason this stock has a Growth Style Score of “B” – imagine that.

PLAY has come back a little from recent highs of $58. This high came after the company posted solid results and investors bid share prices higher.

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Brian Bolan is a Stock Strategist for Zacks.com.

He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.

Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.

Looking for Ideas with Even Greater Upside?

Today’s investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>

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BIG 5 SPORTING (BGFV): Free Stock Analysis Report
 
TAILORED BRANDS (TLRD): Free Stock Analysis Report
 
WELLCARE HEALTH (WCG): Free Stock Analysis Report
 
ELLIE MAE INC (ELLI): Free Stock Analysis Report
 
DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report
 
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