K-Bro Linen Inc
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Industrials : Commercial Services & Supplies | Small Cap Blend
Based in Canada
Company profile

K-Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company's services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen. Other types of processors in the Company's industry in Canada include independent privately-owned facilities (small and single facility companies), public sector central laundries, and public and private sector on-premise laundries (OPLs). Its healthcare customers include hospitals and long-term care facilities. K Bro Linen Systems Inc is the subsidiary of the Company.

Price
Delayed
$30.33
Day's Change
0.00 (0.00%)
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UPDATE: Here are Wall Street's favorite stocks for an election-relief rally

2:18 pm ET October 19, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

The stock market has staged long rallies following the past nine presidential elections

Until Election Day, and maybe for a few weeks afterward if voting results are disputed, expect warnings about stock market volatility. But history has shown the market tends to rally after elections.

Charles Lemonides showed that following the past nine presidential elections, the stock market staged long rallies no matter which party won (http://www.marketwatch.com/story/how-to-take-advantage-of-fear-then-relief-in-the-stock-market-leading-up-to-the-presidential-election-2019-11-16).

Something else to consider, no matter how the election turns out, is the likelihood of another round of stimulus out of Washington. The two parties are far apart at the moment, but both agree that more assistance is needed for business and families. It isn't a stretch to expect another round of checks to go out and to see improvement in economic numbers as a result.

A broad rally

On a more technical note, Ned Davis Research analysts Ed Clissold and Thanh Nguyen believe the market's rally over the past several weeks points to a continued bull market in 2021.

The S&P 500 Index produced a six-month gain of 45% from its 2020 closing bottom on March 23 through Sept. 23. Following that advance, the benchmark index rose another 8% through Oct. 14, with 90% of its components showing increases. Such a wide breadth of gains following the tremendous rally "implies a double-digit annual pace" of returns for the index over the long term, the analysts wrote in a note to clients.

So for long-term investors, rather than day-traders or market-timers, the stage is set for a 2021 stock market rally.

Wall Street's favorites

Looking at ratings for the S&P 500 among sell-side analysts polled by FactSet, there are 94 stocks rated "buy" or the equivalent by at least 75% of the covering analysts.

Sorting those 94 stocks by implied 12-month upside potential based on consensus price targets, it is clear the analysts expect downtrodden energy stocks to see the biggest bounce. That might seem far-fetched -- the energy sector has been by far the worst performer among the 11 S&P sectors this year, with a 49% decline through Oct. 14. But if the sector were to rise 50% from there, it would still be down 23.5% from where it was at the end of 2019.

Among the 10 S&P 500 stocks rated "buy" by at least 75% of analysts that show the most "upside," nine are energy names. Stretching the list to the top 25, 10 are in the energy sector. Here they are, with the non-energy names to follow. Scroll the table at the bottom to see all the data:

Company Ticker Share 'buy' ratings Share neutral ratings Share 'sell' ratings Closing price - Oct. 14 Consensus price target Implied 12-month upside potential Total return - 2020

Diamondback Energy Inc. US:FANG 89% 11% 0% $30.49 $56.57 86% -66%

Devon Energy Corp. US:DVN 76% 24% 0% $9.32 $16.42 76% -62%

Baker Hughes Co. Class A US:BKR 81% 19% 0% $13.15 $20.23 54% -47%

Valero Energy Corp. US:VLO 86% 9% 5% $41.71 $64.11 54% -53%

Marathon Petroleum Corp. US:MPC 76% 24% 0% $29.91 $45.67 53% -48%

Concho Resources Inc. US:CXO 89% 11% 0% $48.66 $72.73 49% -44%

Pioneer Natural Resources Co. US:PXD 91% 9% 0% $90.09 $130.88 45% -39%

Phillips 66 US:PSX 95% 5% 0% $52.08 $75.63 45% -51%

ConocoPhillips US:COP 89% 11% 0% $34.53 $48.72 41% -45%

Williams Cos. Inc. US:WMB 80% 20% 0% $19.68 $24.52 25% -11%

Source: FactSet

Click on the tickers for more about each company.

Here are the 15 non-energy S&P 500 stocks rated "buy" or the equivalent by at least 75% of analysts covering them, with the highest 12-month upside potential, based on consensus price targets:

Company Ticker Share 'buy' ratings Share neutral ratings Share 'sell' ratings Closing price - Oct. 14 Consensus price target Implied 12-month upside potential

Citigroup Inc. US:C 81% 19% 0% $43.03 $63.92 49%

Cigna Corp. US:CI 89% 11% 0% $174.49 $241.44 38%

CVS Health Corp. US:CVS 75% 25% 0% $58.51 $79.29 36%

L3Harris Technologies Inc. US:LHX 100% 0% 0% $176.35 $236.45 34%

Leidos Holdings Inc. US:LDOS 86% 14% 0% $88.49 $118.00 33%

CarMax Inc. US:KMX 81% 13% 6% $91.58 $122.00 33%

NRG Energy Inc. US:NRG 80% 20% 0% $33.71 $44.44 32%

Las Vegas Sands Corp. US:LVS 78% 22% 0% $44.98 $59.25 32%

Raytheon Technologies Corp. US:RTX 75% 25% 0% $59.94 $78.18 30%

LKQ Corp. US:LKQ 83% 17% 0% $30.96 $40.33 30%

Centene Corp. US:CNC 90% 10% 0% $65.19 $83.03 27%

General Motors Co. US:GM 82% 18% 0% $31.67 $40.33 27%

Northrop Grumman Corp. US:NOC 82% 14% 4% $314.89 $394.45 25%

Fiserv Inc. US:FISV 81% 16% 3% $102.71 $126.88 24%

Micron Technology Inc. US:MU 79% 18% 3% $51.63 $62.86 22%

Source: FactSet

Don't miss:Here are five stocks to own for the 5G network buildout (http://www.marketwatch.com/story/here-are-five-stocks-to-own-for-the-5g-network-buildout-2020-10-14)

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 19, 2020 14:18 ET (18:18 GMT)

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