For Immediate Release
Chicago, IL – April 30, 2021 – Stocks in this week’s article are Genco Shipping & Trading Limited (
GNK Quick Quote GNK - Free Report) , Euroseas Ltd. ( ESEA Quick Quote ESEA - Free Report) , Navios Maritime Partners L.P. ( NMM Quick Quote NMM - Free Report) , Bassett Furniture Industries, Incorporated ( BSET Quick Quote BSET - Free Report) and Citi Trends, Inc. ( CTRN Quick Quote CTRN - Free Report) . 5 Stocks with Recent Price Strength Amid Strong Recovery
Wall Street witnessed a record-breaking rally during the first 100 days of Joe Biden's Presidency. The FDA has approved three COVID-19 vaccines so far. The U.S. government has ramped up COVID-19 vaccination on a priority basis. The speeding up of the process implies chances of a faster-than-expected reopening of the domestic economy.
A series of recently released economic data like job market data, manufacturing and services index, vehicle sales and consumer satisfaction optimization indexes have clearly indicated that the U.S. economy is witnessing a strong recovery since the beginning of 2021. Furthermore, an estimated $1.5 - $1.8 trillion savings by Americans at the end of 2020 due to pandemic-related restrictions, will support strong pent-up demand.
Moreover, on Mar 31, President Joe Biden unveiled his $2.3 trillion infrastructure development plan that includes transport, drinking-water, broadband, manufacturing and construction infrastructure developments. Segments like basic materials, industrials and utilities will benefit immensely with more job creation.
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.
Here's how you should create the screen to shortlist the current as well as the potential winners.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1472278/5-stocks-with-recent-price-strength-amid-strong-recovery 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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Contact: Jim Giaquinto
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