Updating our Aggressive stocks

Article Excerpt

IDEXX LABORATORIES INC. $413 (www.idexx.com) is still a hold. The company makes equipment that veterinarians use to detect diseases in animals. In the past few years, Idexx has benefited from rising pet ownership levels. That lifted the stock to an all-time high of $707 in mid- 2021. However, the shares are now down 42% from that peak. Even after that drop, the stock still trades at a very high 42.0 times the $9.83 a share that the company will probably earn in 2023. Idexx is a hold. NORDSTROM INC. $14 (www.nordstrom.com) is a hold. The operator of upscale department stores expects its revenue in the fiscal year ending January 31, 2024, will decline by 4% to 6% due to recent store closures. However, thanks to better inventory management, earnings will probably jump 19% to $2.01 a share. Even so, the stock trades at just 7.0 times that estimate due to fears that higher interest rates will prompt consumers to spend less on discretionary goods. Nordstrom is a hold. AGILENT TECHNOLOGIES…