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Zacks.com featured highlights include: SGC, COOP, DQ and GFF
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For Immediate Release
Chicago, IL – August 28, 2020 - Stocks in this week’s article are Sirius International Insurance Group Ltd. (SGC - Free Report) , Mr. Cooper Group Inc. (COOP - Free Report) , Daqo New Energy Corp. (DQ - Free Report) , Azure Power Global Ltd. and Griffon Corp. (GFF - Free Report) .
5 Stocks with Recent Price Strength to Enhance Your Returns
Wall Street is enjoying a dream run for nearly five months. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied significantly in the last four months. Wall Street historically remains muted in August. But this year, markets are continuing their northbound journey, defying coronavirus-led woes.
Then again, the market is yet to fully recover year to date from the pandemic-led devastations. The Nasdaq Composite is flying high and the S&P 500 recently recorded a fresh all-time high erasing coronavirus-induced losses. However, the Dow is still in negative territory and way behind its all-time high recorded on Feb 12.
The market's worst appears behind us as negative estimates are already factored in valuations. Although coronavirus-induced woes are persisting in the United States, causing occasional market fluctuations, the overall movement of Wall Street is likely to remain northbound.
Meanwhile, second-quarter 2020 earnings results have not come in as bad as expected at the start of the reporting cycle. Moreover, systematic reopening of the U.S. economy after nearly two months of lockdowns helped in reviving aggregate demand.
This is evident from a series of better-than-expected economic data from April to August. Although second-quarter U.S. GDP plunged 32.9%, it was better than the consensus estimate of a 34.7% decline.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include: SGC, COOP, DQ and GFF
For Immediate Release
Chicago, IL – August 28, 2020 - Stocks in this week’s article are Sirius International Insurance Group Ltd. (SGC - Free Report) , Mr. Cooper Group Inc. (COOP - Free Report) , Daqo New Energy Corp. (DQ - Free Report) , Azure Power Global Ltd. and Griffon Corp. (GFF - Free Report) .
5 Stocks with Recent Price Strength to Enhance Your Returns
Wall Street is enjoying a dream run for nearly five months. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied significantly in the last four months. Wall Street historically remains muted in August. But this year, markets are continuing their northbound journey, defying coronavirus-led woes.
Then again, the market is yet to fully recover year to date from the pandemic-led devastations. The Nasdaq Composite is flying high and the S&P 500 recently recorded a fresh all-time high erasing coronavirus-induced losses. However, the Dow is still in negative territory and way behind its all-time high recorded on Feb 12.
The market's worst appears behind us as negative estimates are already factored in valuations. Although coronavirus-induced woes are persisting in the United States, causing occasional market fluctuations, the overall movement of Wall Street is likely to remain northbound.
Meanwhile, second-quarter 2020 earnings results have not come in as bad as expected at the start of the reporting cycle. Moreover, systematic reopening of the U.S. economy after nearly two months of lockdowns helped in reviving aggregate demand.
This is evident from a series of better-than-expected economic data from April to August. Although second-quarter U.S. GDP plunged 32.9%, it was better than the consensus estimate of a 34.7% decline.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/1047784/5-stocks-with-recent-price-strength-to-enhance-your-returns?art_rec=quote-stock_overview-zacks_news-ID02-txt-1047784
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Phone: 312-265-9268
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Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.