For Immediate Release
Chicago, IL – December 22, 2020 - Stocks in this week’s article are
Monarch Casino & Resort Inc. ( MCRI Quick Quote MCRI - Free Report) , Fiat Chrysler Automobiles N.V. , Piper Sandler Companies ( PIPR Quick Quote PIPR - Free Report) , EnPro Industries Inc. ( NPO Quick Quote NPO - Free Report) and InMode Ltd. ( INMD Quick Quote INMD - Free Report) . 5 Stocks with Recent Price Strength as Index Stay Near Record Highs
U.S. stocks are firing on all cylinders with the major stock indexes hitting new highs on Dec 17. Wall Street bulls, which regained momentum in November after two months of market turmoil, strengthened in December.
Moreover, on Dec 20, the U.S. Congress has finally reached an agreement to approve $900 billion of a fresh coronavirs-aid package. Notably, the first round of around $2 trillion fiscal stimulus injected by the Trump administration in March, terminated in July. Several economic data showed that lack of a new fiscal stimulus has slowed the pace of U.S. economic recovery to some extent in the last four months.
Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have rallied 5.8%, 14.8% and 42.2%, respectively. By any means, this is an impressive performance considering the global outbreak of the pandemic and coronavirus-led economic devastations.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1191182/5-stocks-with-recent-price-strength-as-indexes-hit-record-high 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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