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Image: Bigstock featured highlights include: MCRI, FCAU, PIPR, NPO and INMD

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For Immediate Release

Chicago, IL – December 22, 2020 - Stocks in this week’s article are Monarch Casino & Resort Inc. (MCRI - Free Report) , Fiat Chrysler Automobiles N.V. , Piper Sandler Companies (PIPR - Free Report) , EnPro Industries Inc. (NPO - Free Report) and InMode Ltd. (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?

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Strong Stocks that Should Be in the News

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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 information about the performance numbers displayed in this press release.