For Immediate Release
Chicago, IL – April 15, 2021 – Stocks in this week’s article are Marathon Digital Holdings Inc. (
MARA Quick Quote MARA - Free Report) , POSCO ( PKX Quick Quote PKX - Free Report) , Veritiv Corporation ( VRTV Quick Quote VRTV - Free Report) , ArcelorMittal ( MT Quick Quote MT - Free Report) and The Community Financial Corporation ( TCFC Quick Quote TCFC - Free Report) . 5 Stocks with Recent Price Strength to Maximize Your Gains
U.S. stock markets are firing on all cylinders supported by strong economic data, soaring consumer and business optimism, and a massive stimulus provided by the government to support the pandemic-ridden economy.
Wall Street started second-quarter 2021 on a high-note after finishing an impressive first quarter. The new bull market, which was formed in April 2020 following the coronavirus-led shortest bear market, gathered momentum in 2021.
The U.S. government has ramped up nationwide COVID-19 vaccination on a priority basis. Per CDC data, as of Apr 12, more than 183 million vaccines were administered. On Apr 6, President Joe Biden announced that all American adults will be vaccinated by Apr 19, ahead of an earlier timetable of May 1. The speeding up of the process implies chances of a faster-than-expected reopening of the U.S. economy.
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/1394386/5-stocks-with-recent-price-strength-to-maximize-your-gains 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.
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