Investor and developer Crow Holdings is eyeing a new industrial project in North Fort Worth.

The Dallas-based firm plans develop a two-building, 536,000-square-foot warehouse park near Interstate 35W on Downing Drive, according to fillings with the state.

The project is slated to start in early 2021 and will take about nine months to complete. The development is valued at more than $20 million.

Crow Holdings is a major warehouse developer with projects across the country.

The real estate firm recently sold 15 warehouse and distribution buildings to PGIM Real Estate in a deal valued at $425 million. The 4.7 million-square-foot sale includes buildings in the Dallas-Fort Worth area, Denver, Atlanta and Phoenix.

Crow Holdings recently partnered with Gruene Real Estate Partners and Weber & Co. to develop a three-building warehouse park in Haslet in Denton County north of Fort Worth.

And Crow Holdings Industrial said early this year that it would start an additional 10 million square feet of warehouse space in more than a dozen projects in 2020.

The North Fort Worth and AllianceTexas industrial districts are among the Dallas-Fort Worth area’s fastest-growing regions for warehouse and distribution space.

More than 30 million square feet of warehouse space is being built in the D-FW area.

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Sportsman’s Warehouse Holdings, Inc. SPWH has been struggling lately, but the selling pressure may be coming to an end soon. That is because SPWH recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 3 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.

Estimates have actually risen so much that the stock now has a Zacks Rank #1 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if SPWH stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Sportsmans Warehouse Holdings, Inc. (SPWH):