For Immediate Release
Chicago, IL – January 26, 2021 – Stocks in this week’s article are Northern Technologies International Corporation (
NTIC Quick Quote NTIC - Free Report) , eXp World Holdings, Inc. ( EXPI Quick Quote EXPI - Free Report) , Matson, Inc. ( MATX Quick Quote MATX - Free Report) , QAD Inc. and Mueller Industries, Inc. ( MLI Quick Quote MLI - Free Report) . 5 Stocks with Recent Price Strength Right Now to Maximize Your Gains
Wall Street defeated the coronavirus-led pandemic last year. The year was rather dramatic with the termination of the largest bull market in early March, formation of the shortest bear market and the confirmation of a new bull market. Stock markets have maintained their rally so far in January 2021 too and are likely to remain northbound in the long term.
The FDA authorized two COVID-19 vaccines in December 2020, which means that the economy should 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.
On Jan 19, Dr. Rochelle Walensky, President Biden's nominee to Head the Centers for Disease Control and Prevention, expressed her confidence that the country has enough COVID-19 vaccine doses to meet the Trump administration's goal of immunizing 100 million people in 100 days despite a slower-than-expected rollout.
On Jan 14, Joe Biden had proposed a new $1.9 trillion coronavirus-aid package called "American Rescue Plan." The proposed plan will include increasing direct payments to $2,000 from the existing $600 and supplemental unemployment benefits to $400 per week through September.
Moreover, the Fed is pursuing a remarkable ultra-dovish monetary policy since March 2020. The benchmark interest rate had been reduced to 0-0.25% in March and is likely to stay there at least up to 2023.
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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1251176/5-stocks-with-recent-price-strength-to-maximize-your-gains?cid=CS-NASDAQ-FT-analyst_blog%7Crw-1251176 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
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year.
See these high-potential stocks free >>.
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.
Contact: Jim Giaquinto
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer.
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
https://www.zacks.com/performance for information about the performance numbers displayed in this press release.