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Zacks.com featured highlights include: Veritiv Corp, Danaos Corp, Select Medical Holdings, EnPro Industries and ArcelorMittal

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For Immediate Release

Chicago, IL – March 16, 2021 – Stocks in this week’s article are Veritiv Corporation (VRTV - Free Report) , Danaos Corporation (DAC - Free Report) , Select Medical Holdings Corporation (SEM - Free Report) , EnPro Industries Inc. (NPO - Free Report) and ArcelorMittal (MT - Free Report) .

5 Stocks with Recent Price Strength to Enhance Your Returns

Wall Street has maintained its northbound journey for the past 11 months. However, the drivers of the rally have changed. Cyclical sectors like consumer discretionary, industrials, materials, financials and oil-energy have taken the reins in 2021 from the growth-oriented technology space in 2020.

Ongoing nationwide COVID-19 vaccination and a steep reduction in new coronavirus cases have bolstered market participants' expectation of a faster reopening of the economy. Moreover, President Joe Biden signed the new $1.9 trillion coronavirus-aid package on Mar 12. The fresh stimulus is likely to significantly boost pent-up demand for U.S. consumers.

Meanwhile, U.S. manufacturing industries are at the forefront of the economy's revival from coronavirus-led unprecedented devastations. U.S. manufacturing showed a V-shaped recovery in the last nine months. Notably, before the pandemic, this segment had struggled throughout 2019 due to intensifying trade war between the United States and China. Therefore, the ongoing recovery of U.S. manufacturing is more commendable.

Additionally, the nonfarm payroll data for the first two months of 2021 has shown that the U.S. labor market is systematically heading toward stabilization. The labor market, which was the best-performing segment of the U.S. economy before the outbreak of coronavirus, suffered the most during the pandemic. Although most of the segments of the economy are showing signs of recovery albeit at a slow pace, the labor market is still in jeopardy.

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/1279151/5-stocks-with-recent-price-strength-to-enhance-your-returns

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.

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Strong Stocks that Should Be in the News

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