For Immediate Release
Chicago, IL – January 11, 2021 – Stocks in this week’s article are Azure Power Global Limited (
AZRE Quick Quote AZRE - Free Report) , Mueller Industries, Inc. ( MLI Quick Quote MLI - Free Report) , H&E Equipment Services, Inc. ( HEES Quick Quote HEES - Free Report) , Korea Electric Power Corporation ( KEP Quick Quote KEP - Free Report) and InMode Ltd. ( INMD Quick Quote INMD - Free Report) . 5 Stocks with Recent Price Strength to Tap Market Rally
Wall Street had an impressive 2020 defying the global outbreak of the novel coronavirus. The stock market rally, which started during the pandemic-ridden April, continued till December, barring some fluctuations in September and October. The rally is likely to last through January and thereafter primarily due to three factors mentioned below.
First, the FDA authorization of two COVID-19 vaccines in December 2020 means that the economy will reopen and gradually operate at the pre-pandemic level. Since the lockdowns imposed in March, the U.S. economy is operating at a significant sub-optimal level.
Second, the U.S. Congress has reached an agreement on the next round of fiscal stimulus for pandemic-led devastations. Major components of the $900 billion package include a direct payment of $600 for every adult and child and approximately $300 billion of the small business paycheck protection program.
Third, an effective control of the U.S. Congress by the Democrats is likely to result in higher fiscal stimulus and quicker implementation of nationwide vaccination in order to curb the pandemic along with higher allotment of funds for infrastructural developments in the near future.
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 Zacks.com at: https://www.zacks.com/stock/news/1243320/5-stocks-with-recent-price-strength-to-tap-market-rally 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
Zacks.com 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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Contact: Jim Giaquinto
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