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Zacks.com featured highlights include: Ocwen Financial Corporation, Louisiana-Pacific Corporation, MGP Ingredients, Carriage Services and Bluegreen Vacations Holding Corporation
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For Immediate Release
Chicago, IL – December 20, 2021 – Stocks in this week’s article are Ocwen Financial Corporation (OCN - Free Report) , Louisiana-Pacific Corporation (LPX - Free Report) , MGP Ingredients Inc. (MGPI - Free Report) , Carriage Services Inc. (CSV - Free Report) and Bluegreen Vacations Holding Corporation .
5 Stocks with Recent Price Strength to Enhance Your Returns
Wall Street has been suffering from extreme volatility since Black Friday when the news of a new variant of coronavirus – Omicron – hit global financial markets. All the major stock indexes have suffered due to regular market fluctuations. To make the situation worse, the Fed Chairman’s comment on the likely speeding up of the bond-buy tapering process has dampened market participants’ sentiment to a great extent.
On Dec 15, Wall Street witnessed a relief rally after the Fed released its last FOMC meeting statement of 2021. The outcome of the FOMC meeting was in line with the market’s expectations.
Concerns about Omicron have already faded out as available data shows its less severity. On Dec 15, the Fed removed market participants’ concerns regarding near-term market interest rate movement, setting the stage for a year-end rally.
However, due to severe volatility, some stocks have gained in the past four weeks. Notable among them are Ocwen Financial Corporation, Louisiana-Pacific Corporation, MGP Ingredients, Carriage Services and Bluegreen Vacations Holding Corporation.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include: Ocwen Financial Corporation, Louisiana-Pacific Corporation, MGP Ingredients, Carriage Services and Bluegreen Vacations Holding Corporation
For Immediate Release
Chicago, IL – December 20, 2021 – Stocks in this week’s article are Ocwen Financial Corporation (OCN - Free Report) , Louisiana-Pacific Corporation (LPX - Free Report) , MGP Ingredients Inc. (MGPI - Free Report) , Carriage Services Inc. (CSV - Free Report) and Bluegreen Vacations Holding Corporation .
5 Stocks with Recent Price Strength to Enhance Your Returns
Wall Street has been suffering from extreme volatility since Black Friday when the news of a new variant of coronavirus – Omicron – hit global financial markets. All the major stock indexes have suffered due to regular market fluctuations. To make the situation worse, the Fed Chairman’s comment on the likely speeding up of the bond-buy tapering process has dampened market participants’ sentiment to a great extent.
On Dec 15, Wall Street witnessed a relief rally after the Fed released its last FOMC meeting statement of 2021. The outcome of the FOMC meeting was in line with the market’s expectations.
Concerns about Omicron have already faded out as available data shows its less severity. On Dec 15, the Fed removed market participants’ concerns regarding near-term market interest rate movement, setting the stage for a year-end rally.
However, due to severe volatility, some stocks have gained in the past four weeks. Notable among them are Ocwen Financial Corporation, Louisiana-Pacific Corporation, MGP Ingredients, Carriage Services and Bluegreen Vacations Holding Corporation.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1840482/5-stocks-with-recent-price-strength-to-enhance-your-returns
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.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.