99 Cents Only Stores (
NDN) share price has been holding its ground in higher territory since originally being featured as a Zacks momentum stock on Sep 25.
This Zacks #1 Rank Stock has been an attractive destination for investors who are seeking a more defensive segment of the market. With economic weakness sending shock waves through the economy, 99 Cents Stores looks well positioned to cash in on consumers trying to pinch pennies and cut costs.
Analyst are clearly bullish on the company's future. The next-year estimate is pegged at 34 cents per share, a 103% earnings growth projection.
This stock has shifted lower over the last week with the overall market, but still remains in elevated territory on a short-term basis. Take a look at the chart below.
Last Week's Momentum Zacks Rank Buy Stocks
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