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Zacks.com featured highlights Caleres, Dillard's and ICL Group

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For Immediate Release

Chicago, IL – June 14, 2022 – Stocks in this week’s article are Caleres, Inc. (CAL - Free Report) , Dillard's, Inc. (DDS - Free Report) and ICL Group Ltd. (ICL - Free Report) .

3 Top-Ranked Momentum Stocks to Buy Using Driehaus Strategy

Richard Herman Driehaus' investing strategy has always helped investors with an appetite for high risk. In fact, the investment strategy can be used to choose the best momentum stocks with the "buy high and sell higher" theory.

To that end, stocks like Caleres, Inc., Dillard's, Inc. and ICL Group Ltd. have been selected as the momentum picks for the day using the Driehaus strategy.

A Detailed Look Into the Driehaus Strategy

Regarding the strategy, Driehaus once said: "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around." In line with this insight, the American Association of Individual Investors (AAII) took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy.

It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.

Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.

Here are three of the 13 stocks:

Caleres is a footwear retailer and wholesaler. Caleres is involved in the operation of retail shoe stores and e-commerce websites as well as the design, sourcing and marketing of footwear for women and men. Caleres has a Momentum Score of B. The trailing four-quarter earnings surprise for CAL is 62.9%, on average.

Dillard's is a large departmental store chain featuring fashion apparel and home furnishing. Dillard's has a Momentum Score of B. The trailing four-quarter earnings surprise for DDS is 224.1%, on average.

ICL Group is engaged in the fertilizer and specialty chemical sectors. ICL has a Momentum Score of A. The trailing four-quarter earnings surprise for ICL is 37.6%, on average.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1938004/3-top-ranked-momentum-stocks-to-buy-using-driehaus-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 >>.

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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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Dillard's, Inc. (DDS) - free report >>

ICL Group Ltd. (ICL) - free report >>

Caleres, Inc. (CAL) - free report >>

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