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Zacks.com featured highlights include: Aviat Networks, Danaos Corp, PDC Energy, Navios Maritime and Herc Holdings
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For Immediate Release
Chicago, IL – February 26, 2021 – Stocks in this week’s article are Aviat Networks Inc. (AVNW - Free Report) , Danaos Corporation (DAC - Free Report) , PDC Energy Inc. , Navios Maritime Partners L.P. (NMM - Free Report) and Herc Holdings Inc. (HRI - Free Report) .
5 Stocks with Recent Price Strength Defying Market Volatility
Wall Street has been grappling with volatility since last week. Although the overall movement of the market has remained northbound so far this year after an impressive rally in the pandemic-ridden 2020, volatility has been rife in the first two months of 2021 resulting in market fluctuations.
January's volatility was the result of a typical trading practice in which a few key heavily shorted stocks by hedge fund giants were favored by a group of individual investors organized via Reddit’s wallstreetbets forum. However, in February, volatility resulted from lingering problems in the U.S. labor market, spike in benchmark Treasury Note yield and inflationary expectations.
On Feb 18, the Department of Labor reported that weekly jobless claims for the week ended Feb 13 rose 13,000 to 861,000, the highest level in a month, and above the consensus estimate of 766,000. Before the outbreak of the pandemic, weekly jobless claims were hovering at around 200,000.
Inflation expectations are currently at the highest level since 2014 as market participants are discounting the effects of the ongoing nationwide deployment of COVID-19 vaccines and President Joe Biden's proposed $1.9 trillion fresh coronavirus-aid package.
Wall Street's northbound journey so far this year after an astonishing rally defying coronavirus-led devastations has prompted investors to shift the allotment of funds from safe-haven government bonds to risky equities. This has resulted is soaring yields on long-term U.S. sovereign bonds. 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.
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 >>.
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.
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. www.zacks.com/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.
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Zacks.com featured highlights include: Aviat Networks, Danaos Corp, PDC Energy, Navios Maritime and Herc Holdings
For Immediate Release
Chicago, IL – February 26, 2021 – Stocks in this week’s article are Aviat Networks Inc. (AVNW - Free Report) , Danaos Corporation (DAC - Free Report) , PDC Energy Inc. , Navios Maritime Partners L.P. (NMM - Free Report) and Herc Holdings Inc. (HRI - Free Report) .
5 Stocks with Recent Price Strength Defying Market Volatility
Wall Street has been grappling with volatility since last week. Although the overall movement of the market has remained northbound so far this year after an impressive rally in the pandemic-ridden 2020, volatility has been rife in the first two months of 2021 resulting in market fluctuations.
January's volatility was the result of a typical trading practice in which a few key heavily shorted stocks by hedge fund giants were favored by a group of individual investors organized via Reddit’s wallstreetbets forum. However, in February, volatility resulted from lingering problems in the U.S. labor market, spike in benchmark Treasury Note yield and inflationary expectations.
On Feb 18, the Department of Labor reported that weekly jobless claims for the week ended Feb 13 rose 13,000 to 861,000, the highest level in a month, and above the consensus estimate of 766,000. Before the outbreak of the pandemic, weekly jobless claims were hovering at around 200,000.
Inflation expectations are currently at the highest level since 2014 as market participants are discounting the effects of the ongoing nationwide deployment of COVID-19 vaccines and President Joe Biden's proposed $1.9 trillion fresh coronavirus-aid package.
Wall Street's northbound journey so far this year after an astonishing rally defying coronavirus-led devastations has prompted investors to shift the allotment of funds from safe-haven government bonds to risky equities. This has resulted is soaring yields on long-term U.S. sovereign bonds.
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/1269200/5-stocks-with-recent-price-strength-defying-market-volatility
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 >>.
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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.
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Visit: www.Zacks.com
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. www.zacks.com/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.