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Image: Shutterstock featured highlights include: Hibbett Sports, BMC Stock Holdings, Mr. Cooper Group, Barrick Gold and Nautilus

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For Immediate Release

Chicago, IL – September 14, 2020 – Stocks in this week’s article are Hibbett Sports Inc. (HIBB - Free Report) , BMC Stock Holdings Inc. , Mr. Cooper Group Inc. (COOP - Free Report) , Barrick Gold Corp. (GOLD - Free Report) and Nautilus Inc. (NLS - Free Report) .

5 Stocks with Recent Price Strength Despite Market Turmoil

After witnessing an astonishing rally for more than five months in a row, Wall Street suffered a major blow on Sep 3. Markets rebounded on Sep 9, after facing a terrible pull down in the last three trading days. These were the worst-performing days in a row since April. However, all the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — plunged again on Sep 10 after a choppy trading session.

This clearly shows that volatility has set in Wall Street at least for the short-term. Historically, September is known as the worst-performing month in Wall Street. Investors started panicking that the coronavirus-defying rally would terminate this month.

The volatility may persist for a few more days as a section of economists and financial experts have already warned that larger corrections are in the offing. However, a closer look at the past five days' trading pattern clearly reveals that it was profit booking and not any major economic, financial or political factor that led to the meltdown.

The technology sector pulled down the overall market after being the predominant driver of the impressive showing over the last five months. It was technology that had helped Wall Street in exiting a coronavirus-induced short bear market and form a new bull market. However, in the due course of market's V-shaped recovery from its recent trough on Mar 23, technology stocks got overvalued.

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 freshly 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 at:

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 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

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