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Changes to the Argus Focus List

Joanna Kong
Yahoo Finance Premium

Argus has made four additions to its Focus List this month, and a like number of subtractions. The 30 stock list features timely analyst recommendations. The additions are highlighted below:

  • CarMax (KMX): This company operates over 200 used car stores. We believe trends favor the used-car business. The U.S. vehicle fleet is at an all-time record, according to IHS Markit. Meanwhile, new-vehicle sales declined in the U.S. in 2019 and are expected to decline again in 2020 and 2021. CarMax has been expanding in recent years with 10-20 store openings annually. It developed an omnichannel approach to car buying by giving customers the option of completing purchases without ever entering a store.

Las Vegas - Circa June 2019: CarMax Auto Dealership. CarMax is the largest used and pre-owned car retailer in the US IV
  • Apollo Global Management (APO): Apollo is a leading global manager of alternative assets. It is differentiated by its focus on complex, nontraditional, distressed-for-control investments that may be converted to a controlling equity stake. In September 2019, following peers KKR and Blackstone, Apollo converted to C-Corp status from a publicly traded partnership, which we believe will expand its shareholder base and enhance liquidity.

  • HCA Healthcare (HCA): This company is one of the largest hospital companies in the U.S. Facing greater competition in the commercial markets in recent years, HCA responded by making acquisitions, leveraging the innovative use of big data, and reducing the impact of lower-margin customers by growing market share. Given the aging U.S. population, we like HCA’s reach within the healthcare services market and believe it is well positioned for long-term growth.

NASHVILLE, TN - OCTOBER 14: Headquarters of Hospital Corporation of America, one of the nation's largest hospital operators, is seen October 14, 2005 in Nashville, Tennessee.
  • Zions Bancorporation (ZION): Zions provides a range of retail and commercial banking, residential mortgage lending, and asset management services. Operating as a collection of seven community banks has allowed the company’s affiliates to operate “locally” but with the backing of a large institution. Zions has strong capital levels, a high loan-to-deposit ratio, and is benefiting from reduced regulatory oversight.

This excerpt was brought to you by Argus Research using the Research Reports feature available through Yahoo Finance Premium. Click here to start your free trial* and step up your investing. Yahoo Finance Premium members can obtain the full 30-stock Focus List by going to Research Reports and filtering by Portfolio Ideas.

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Argus President John Eade will be presenting at two events at the MoneyShow Orlando on February 7 and 8. Featured events include The Argus Research Market/Economic Outlook and Favored Stocks for the Year Ahead, and a discussion of Argus Dividend Growers Portfolio. Register to attend today.