For Immediate Release
Chicago, IL – July 29, 2020 - Stocks in this week’s article are Daqo New Energy Corp. (DQ - Free Report) , Calix Inc. (CALX - Free Report) , Nautilus Inc. (NLS - Free Report) , Herbalife Nutrition Ltd. (HLF - Free Report) and The Providence Service Corp. (PRSC - Free Report) .
5 Stocks with Recent Price Strength to Boost Your Portfolio
The U.S. economy is facing the second wave of coronavirus infections that is threatening to derail the much-hyped V-shaped recovery in the second half of this year. Notably, within a month's time after reopening, most of the states have been forced to close some parts of their economies as new cases of coronavirus jumped in as many as 24 states.
The lingering economic and geo-political conflicts between the United States and China have intensified recently. On Jul 23, U.S. Secretary of State Mike Pompeo slammed China over international abuses warning that Asian economic giant's double standard will no longer be tolerated.
On Jul 22, the U.S. government instructed China to close its consulate in Houston, citing that it was being used for spying purposes. China retaliated asking the United States to close its consulate in Chengdu.
The U.S. government has already imposed trade sanctions on 11 major Chinese companies on account of violating human rights in China. On Jul 21, the Department of Justice indicted two Chinese hackers of stealing trade secrets and trying to steal research on potential drugs for coronavirus treatment.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
Sounds Good? Here’s How to Execute It:
One should primarily target stocks that have recently been on a bull run. Actually, 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 else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, you need to set other relevant parameters to create a successful investment strategy.
Here’s how you should create the screen to shortlist the current as well as the potential winners.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1017148/5-stocks-with-recent-price-strength-to-boost-your-portfolio
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Strong Stocks that Should Be in the News
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