There is some music festival that is going to take over Grant Park in downtown Chicago for the rest of the weekend. I cannot even begin to tell you what bands are coming in, but I know there will be dozens.
I guess I am too old to even know that Janes Addiction is the headliner or one of them along with Radiohead. This festival draws people of all ages, but rest assured, it skews younger. With that in mind I wanted to do an investment idea that also skews younger.
My screen pulled stocks that are Zack Rank #1 (Strong Buy) and priced between $20 and $30. When I was young, that was a lot of money!
The first stock I saw in the list of 31 stocks that this idea screened for was Smith & Wesson (SWHC - Snapshot Report) . This Zacks Rank #1 (Strong Buy) stock has been hitting new 52 week highs of late so this stock almost doesnt need any more press. The idea of sticking with what is working is something I wished I did when I was younger, so that is the ultimate reason I included this stock.
Head In The Clouds
When I was a youngster, I had my head in the clouds. This is not to say the cloud that is the internet and driving tech company stock prices to new highs. No, I am speak of actual clouds in the sky. Air Lease (AL - Snapshot Report) is a Zacks Rank #1 (Strong Buy) stock that leases jets, and I am pretty sure they are in the clouds. This stock is nearly $30, so it just made it in under the cut.
While I am Dreaming
I see throngs of youngsters from the Chicago-land area coming out of the train stations today. I am sure they have the American Dream but I am not sure it is the same thing it once was. I wont waste my time to ask them, but I know in my youth the dream was to own your own home.
Pulte Group (PHM - Analyst Report) is a Zacks Rank #1 (Strong Buy) stock that builds homes
and that was the American Dream when I was a youngster. I really like this stock a lot here as the homebuilders have some strong tail winds blowing share prices higher and higher.
The low interest rate environment is coupled with high employment (read low unemployment) is allowing for more home purchases. Prices have increased over the last few months and there is little indication of higher rates ruining that party.
This idea is actually so good I am adding two more names (that fit my screen) to that idea. Mastec (MTZ - Analyst Report) is in the building space as well and is a Zacks Rank #1 (Strong Buy).
Another stock that is benefiting from this trend is Louisiana Pacific (LPX - Snapshot Report) and this Zacks Rank #1 (Strong Buy) stock just made the cut by being just more than $20.
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