Back to top

Image: Bigstock

Zacks Market Edge Highlights: WesBanco, Comerica, Pioneer Natural Resources and Barrick Gold

Read MoreHide Full Article

For Immediate Release

Chicago, IL – December 24, 2020 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (

Economic Predictions: Will 2021 Be Boom or Bust?

Welcome to Episode #253 of the Zacks Market Edge Podcast.


Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is joined by Zacks Chief Equity Strategist, and a PhD economist, John Blank, to do their annual look at the US economy heading into the new year.

Congress finally passed another large aid package which will backstop parts of the economy hit by the coronavirus shutdowns and restrictions.

But even with the aid package, there’s still a worry about the large number of people who remain unemployed.

Could there be a recession in 2021?

Or will there be a boom like everyone is predicting after the vaccine rolls out and restrictions are lifted?

Is the FAANG Rally Over?

For stock investors, 2020 turned out to be a great year as long as you didn’t panic at the start of the pandemic.

But after the big rally in 2020, especially among FAANG and FANGMAN, where should investors be looking in 2021?

Many of the big cap favorites like Amazon (AMZN - Free Report) have stalled out the last 3 months of the year after furious rallies during the beginning of the pandemic.

Amazon shares are up 72.6% year-to-date and have a forward P/E of 92.

Do they have further upside in 2021?

Energy, Banks and Gold

Three areas investors might want to take a look at in 2021 are the regional banks, the oil stocks and the big gold miners.

1.       WesBanco, Inc. (WSBC - Free Report) is a $1.9 billion regional bank headquartered in West Virginia. It’s paying a dividend yielding 4.4%. While it’s rallied 36.6% over the last 3 months, it’s still down 24.5% year-to-date.

2.       Comerica Inc. (CMA - Free Report) is a large Texas and Michigan regional bank with a market cap of $7.5 billion. If you’re making a recovery bet, no place better than to bet big on Texas. Shares have jumped 40.5% in the last 3 months but remain down 24.3% year-to-date. It also pays a dividend, currently yielding 5.2%.

3.       Pioneer Natural Resources (PXD - Free Report) is one of the large oil and natural gas exploration companies with a market cap of $17.8 billion. It also has one of the best balance sheets in the industry. Shares are up 20% over the last 90 days but remain down 27% year-to-date. Will energy see a further boost in 2021?

4.       Barrick Gold Corp. (GOLD - Free Report) is one of the large gold miners. With the price of gold weakening over the last 3 months, so have shares of Barrick. They’re down 20.5% during that time. Is this a buying opportunity heading into the new year?

What else should you know about the economy and investing in 2021?

Listen to this week’s podcast to find out.

[In full disclosure, Tracey owns shares of AMZN in her personal portfolio.]

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>.

Follow us on Twitter:

Join us on Facebook:

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.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

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.