Top Stock Picks for Week of June 1, 2020

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BJ's Wholesale Club Holdings, Inc. (BJ) , is an operator of membership warehouse clubs primarily in the Eastern United States.  The Zacks Consensus Estimate for the company’s current-year earnings has moved north by double digits in the past 60 days. Earnings estimates have been jumping since BJ recently reported fiscal first quarter results. At this writing, BJ's Wholesale Club’s expected earnings growth rate for the current year is 54.1%. BJ's Wholesale Club belongs to the Zacks Consumer Services – Miscellaneous industry and carries a Zacks Rank #1, with Style Scores of ‘A’ across the board. Shares of the company rose by double digits as well over the past month. BJ believes it will be able to continue building on this momentum even after the pandemic is behind us, as it has been investing in its team members and business.

Eli Lilly and Company (LLY) , one of the world’s largest pharmaceutical companies, boasts a diversified product profile including a solid lineup of new successful drugs. The company enjoys a strong presence across a wide range of therapeutic areas and boasts a strong diabetes portfolio. Lilly expects revenue growth to be driven by higher demand for its growth drugs like Trulicity, Taltz, and others. It is making significant pipeline progress with several positive late-stage data readouts scheduled for 2020. Lilly is also regularly adding promising new pipeline assets through business development deals. Lilly’s share price has risen double digits this year so far, outperforming its industry. The company returned to annual dividend hikes in December 2016 and regularly returns excess cash through share repurchases.

Editor's Bonus Pick:

Wall Street buying frenzy on $3 stock

Big news today. 

Wall Street is on a buying frenzy. 

An obscure $3 tech stock just crushed earnings. 

Reports are saying that “earnings beat estimates on booming 5G demand.” 

And the company is now set to bring in more revenue than IBM, Facebook and even Google

 Yet while those stocks trade for hundreds of dollars, this one company trades for just $3. 

Perhaps that's why Wall Street is loading up on shares. 

  If there is one stock to buy right now, this is very likely it. You can access the full breakdown here. 

But don't wait. 

A big project is underway that could create 50,000 new jobs in America… and add billions more to the company's bottom line. 

Discover why this is the market’s No. 1 “Buy” right here.