For Immediate Release
Chicago, IL – April 1, 2021 – Stocks in this week’s article are Veritiv Corporation (
VRTV Quick Quote VRTV - Free Report) , GP Strategies Corporation ( GPX Quick Quote GPX - Free Report) , Marathon Digital Holdings, Inc. ( MARA Quick Quote MARA - Free Report) , Danaos Corporation ( DAC Quick Quote DAC - Free Report) and ArcelorMittal ( MT Quick Quote MT - Free Report) . 5 Stocks with Recent Price Strength as Markets Move Northward
Wall Street has maintained its northbound journey for the past year despite recent concerns of inflation and surging yields on long-term U.S. sovereign bonds. Stock markets are likely to move northward barring occasional fluctuations buoyed by robust expectations of U.S. GDP growth this year.
Projections for U.S. GDP are increasing systematically since the beginning of this year. On Mar 17, the Fed raised its GDP forecast for 2021 to 6.5% from 4.2% in December.
On Mar 10, the Wall Street Journal reported that economists on average expect U.S. GDP to expand nearly 6% this year from 4.9% in February and 4.3% in January. Per the Wall Street Journal, this will be the largest U.S. GDP growth since 7.9% in 1983.
On Mar 9, the OECD estimated that the latest fiscal stimulus, along with faster vaccination, could increase U.S. GDP growth to 6.5% in 2021. The Oxford Economics predicted 7% U.S. GDP growth in 2021. In January, the International Monetary Fund estimated 5.1% U.S. GDP growth in 2021.
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/1323187/5-stocks-with-recent-price-strength-as-markets-move-northward 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.
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