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Image: Bigstock featured highlights include: Veritiv Corp, GP Strategies, Marathon Digital Holdings, Danaos Corp and ArcelorMittal

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For Immediate Release

Chicago, IL – April 1, 2021 – Stocks in this week’s article are Veritiv Corporation (VRTV - Free Report) , GP Strategies Corporation (GPX - Free Report) , Marathon Digital Holdings, Inc. (MARA - Free Report) , Danaos Corporation (DAC - Free Report) and ArcelorMittal (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.

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