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Zacks.com featured highlights include: Veritiv Corp, Grindrod Shipping, Costamare, Pilgrim's Pride and Carriage Services
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For Immediate Release
Chicago, IL – September 3, 2021 – Stocks in this week’s article are Veritiv Corporation , Grindrod Shipping Holdings Ltd. (GRIN - Free Report) , Costamare Inc. (CMRE - Free Report) , Pilgrim's Pride Corporation (PPC - Free Report) and Carriage Services, Inc. (CSV - Free Report) .
5 Stocks with Recent Price Strength as Markets Move Northward
Wall Street completed a strong August maintaining the northward journey in 2021. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 1.2%, 2.9% and 4%, respectively. The small-cap specific Russell 2000 has gained 2.1%. Year to date, the Dow, the S&P 500 and the Nasdaq Composite have rallied 15.4%, 20.5% and 18.8%, respectively.
Several economists and financial experts were concerned that August may be volatile due to the resurgence of the Delta variant of coronavirus, high inflationary pressure, lingering supply-chain disruptions and shortage of labor.
The market’s benchmark — the S&P 500 Index — ended the first eight months of 2021 with its strongest year-to-date gain since 1997. The broad-market index also ended in the positive zone for seven months in a row, since a 10-month winning run ended in December 2017. In August, the three major stock indexes recorded fresh all-time and closing highs.
On Aug 27, Fed Chairman Jerome Powell, in his annual Jackson Hole symposium lecture, signaled tapering of the central bank’s $120 billion per month bond-buying program. At present, the Fed is buying $80 billion of Treasury bonds and $40 billion of mortgage-backed bonds per month as a pandemic-induced monetary stimulus.
However, Fed Chair has refrained from giving any clue as to when tapering will start or the initial amount by which the quantitative easing program will be reduced. Moreover, Powell has said that the economy has to improve a lot, especially related to the labor market, to achieve the Fed’s target of substantial progress. The central bank will think about raising the benchmark interest rate only after the economy achieves that target.
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.
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 >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include: Veritiv Corp, Grindrod Shipping, Costamare, Pilgrim's Pride and Carriage Services
For Immediate Release
Chicago, IL – September 3, 2021 – Stocks in this week’s article are Veritiv Corporation , Grindrod Shipping Holdings Ltd. (GRIN - Free Report) , Costamare Inc. (CMRE - Free Report) , Pilgrim's Pride Corporation (PPC - Free Report) and Carriage Services, Inc. (CSV - Free Report) .
5 Stocks with Recent Price Strength as Markets Move Northward
Wall Street completed a strong August maintaining the northward journey in 2021. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 1.2%, 2.9% and 4%, respectively. The small-cap specific Russell 2000 has gained 2.1%. Year to date, the Dow, the S&P 500 and the Nasdaq Composite have rallied 15.4%, 20.5% and 18.8%, respectively.
Several economists and financial experts were concerned that August may be volatile due to the resurgence of the Delta variant of coronavirus, high inflationary pressure, lingering supply-chain disruptions and shortage of labor.
The market’s benchmark — the S&P 500 Index — ended the first eight months of 2021 with its strongest year-to-date gain since 1997. The broad-market index also ended in the positive zone for seven months in a row, since a 10-month winning run ended in December 2017. In August, the three major stock indexes recorded fresh all-time and closing highs.
On Aug 27, Fed Chairman Jerome Powell, in his annual Jackson Hole symposium lecture, signaled tapering of the central bank’s $120 billion per month bond-buying program. At present, the Fed is buying $80 billion of Treasury bonds and $40 billion of mortgage-backed bonds per month as a pandemic-induced monetary stimulus.
However, Fed Chair has refrained from giving any clue as to when tapering will start or the initial amount by which the quantitative easing program will be reduced. Moreover, Powell has said that the economy has to improve a lot, especially related to the labor market, to achieve the Fed’s target of substantial progress. The central bank will think about raising the benchmark interest rate only after the economy achieves that target.
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/1790105/5-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.
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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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Company: Zacks.com
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Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.