Small-Cap Stock Johnson Outdoors Jumps to the Top of the Nasdaq

JOUT is one of the best Nasdaq stocks today

Feb 2, 2018 at 1:55 PM
facebook twitter linkedin

It's sharping up to be a miserable week for the U.S. stock market, but that's done little to slow down shares of small-cap sporting goods stock Johnson Outdoors Inc. (NASDAQ:JOUT). At last check, JOUT was trading up 18.8% at $72.50, making it among the best Nasdaq stocks in today's session, thanks to the company's better-than-expected fiscal first-quarter sales. Revenue was clocked at $116.6 million for the period, up almost 24% from a year earlier.

The chart move has the shares trading back above the 50-day moving average for the first time since their December bear gap -- which they've now filled. In fact, Johnson Outdoors is back within reach of its Oct. 2 record high of $76.18. This outperformance is nothing new for JOUT, though. The equity added more than 56% in 2017, and back in 2016 it surged 81.3%.

Still, there are just two analysts covering the stock. That's not completely surprising, though, since Johnson Outdoors has a market cap of just $725 million, according to Google Finance. The consensus 12-month price target between the pair was $69.50, so JOUT has exceeded their expectations thus far with today's move.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners