Investors are encouraged to consider Sunoco LP (SUN) due to significant improvements in earnings estimates, reflecting growing analyst optimism. The stock has shown strong short-term momentum, with a current-quarter estimate of $2.46 per share, a 264% increase from last year. For the full year, earnings are projected at $8.94 per share, marking a 144.93% year-over-year change. Sunoco holds a Zacks Rank #1 (Strong Buy), indicating favorable conditions based on estimate revisions. Over the past month, the stock has risen 7.1%, suggesting potential for further growth, making it a viable portfolio addition.

Read the full article here