Zacks.com featured highlights ServiceNow, Boston Scientific and Cooper

For Immediate ReleaseChicago, IL – August 21, 2024 – Stocks in this week’s article are ServiceNow, Inc. NOW, Boston Scientific Corp. BSX and The Cooper Companies, Inc. COO.3 Profitable S&P 500 Stocks with Room to Run NowThe beginning of this month saw choppy trading sessions for equities, with the S&P 500 recording its worst day on Aug 5 since 2022. However, the S&P 500 bounced back last week after positive economic reports on retail sales and initial jobless claims quelled recession apprehensions. The broader index has now notched its eighth straight winning streak on Aug 19 for the first time in 2024.Hence, it is prudent for investors to place bets on profitable and not loss-making stocks of the S&P 500. These stocks are well-poised to make the most of the broader index’s upward trajectory since they consistently offer solid returns after meeting all operating and non-operating expenses.Here, we have used the concept of accounting ratios to gauge a company’s profitability. There are more than a few profitability ratios, from which we have chosen the most successful and often used metric to determine a company’s bottom-line performance.To that end, ServiceNow, Inc., Boston Scientific Corp. and The Cooper Companies, Inc. have been selected as the top picks with a high net income ratio.Net Income RatioThe net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using the net income ratio, one can determine a firm’s effectiveness in meeting operating and non-operating expenses from revenues. A higher net income ratio usually implies a company’s ability to generate ample revenues and successfully manage all business functions.Here are three of the 35 stocks that qualified for the screening:ServiceNowServiceNow provides cloud computing services. The 12-month net profit margin of NOW is 11.5%.The company’s expected earnings growth rate for the current year is 28.1%. ServiceNow currently has a Zacks Rank #1.Boston ScientificBoston Scientific manufactures medical devices and products. The 12-month net profit margin of BSX is 12%.The company’s expected earnings growth rate for the current year is 17.1%. Boston Scientific presently has a Zacks Rank #2.Cooper CompaniesCooper Companies is a specialty medical device company. The 12-month net profit margin of COO is 9.1%.The company’s expected earnings growth rate for the current year is 11.6%. Cooper Companies at present has a Zacks Rank #2.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2324626/3-profitable-sp-500-stocks-with-room-to-run-now-bsx-cooZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boston Scientific Corporation (BSX): Free Stock Analysis Report The Cooper Companies, Inc. (COO): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks