Advisors Capital Management LLC raised its holdings in Casey's General Stores, Inc. (NASDAQ: CASY) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,629 shares of the company's stock after buying an additional 1,274 shares during the quarter. Advisors Capital Management
Casey's (CASY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Retail sales surge lifts FIVE, JD, TPR, LEVI, CASY as strong spending, rising oil prices, and online demand boost outlook.
CPC Advisors LLC boosted its position in Casey's General Stores, Inc. (NASDAQ: CASY) by 10.5% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,319 shares of the company's stock after purchasing an additional 889 shares during the period. CPC
Casey's inside same-store sales rise 4% y/y in Q3, driven by strong food and beverage demand as its value-focused strategy boosts volume and margins.
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Casey's (CASY) could produce exceptional returns because of its solid growth attributes.
After reaching an important support level, Casey's General Stores, Inc. (CASY) could be a good stock pick from a technical perspective. CASY recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Philip Morris joins Kennametal, Casey's and Ralph Lauren as picks with strong interest coverage in a volatile U.S. market.
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