Back to top

Image: Bigstock

Zacks.com featured highlights include: DQ, CALX, NLS, HLF and PRSC

Read MoreHide Full Article

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

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 >>.

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.