For Immediate Release
Chicago, IL – October 19, 2020 - Stocks in this week’s article are
The Sherwin-Williams Co. ( SHW Quick Quote SHW - Free Report) , Best Buy Co., Inc. ( BBY Quick Quote BBY - Free Report) , O-I Glass, Inc. ( OI Quick Quote OI - Free Report) , ViacomCBS Inc. ( VIAC Quick Quote VIAC - Free Report) and Whirlpool Corp. ( WHR Quick Quote WHR - Free Report) . 5 ROE Stocks to Profit as Rise in Jobless Claims Hit Market
The U.S. equity markets continued its downtrend in the past few trading sessions with fading hopes of more fiscal aid due to lack of consensus on an additional stimulus package, at least until the Presidential elections. To add to the woes, an unexpected rise in weekly jobless claims fueled concerns regarding a halting economic recovery and stoked fears about a lasting impact on the labor market by the coronavirus-induced turmoil. With the earnings season gradually picking up steam, the markets await a rebound in the overall quarterly performance across the board to bring the growth momentum back on track.
As investors employ a wait-and-see approach in a classic example of “backing and filling” in the market, they can benefit from ‘cash cow’ stocks that garner higher returns. However, identifying cash-rich stocks alone does not make for a solid investment proposition unless it is backed by attractive efficiency ratios like return on equity (ROE). A high ROE ensures that the company is reinvesting cash at a high rate of return.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1077090/5-roe-stocks-to-profit-as-rise-in-jobless-claims-hit-market 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
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