For Immediate Release
Chicago, IL – December 20, 2021 – Stocks in this week’s article are Ocwen Financial Corporation (
OCN Quick Quote OCN - Free Report) , Louisiana-Pacific Corporation ( LPX Quick Quote LPX - Free Report) , MGP Ingredients Inc. ( MGPI Quick Quote MGPI - Free Report) , Carriage Services Inc. ( CSV Quick Quote CSV - Free Report) and Bluegreen Vacations Holding Corporation ( BVH Quick Quote BVH - Free Report) . 5 Stocks with Recent Price Strength to Enhance Your Returns
Wall Street has been suffering from extreme volatility since Black Friday when the news of a new variant of coronavirus – Omicron – hit global financial markets. All the major stock indexes have suffered due to regular market fluctuations. To make the situation worse, the Fed Chairman’s comment on the likely speeding up of the bond-buy tapering process has dampened market participants’ sentiment to a great extent.
On Dec 15, Wall Street witnessed a relief rally after the Fed released its last FOMC meeting statement of 2021. The outcome of the FOMC meeting was in line with the market’s expectations.
Concerns about Omicron have already faded out as available data shows its less severity. On Dec 15, the Fed removed market participants’ concerns regarding near-term market interest rate movement, setting the stage for a year-end rally.
However, due to severe volatility, some stocks have gained in the past four weeks. Notable among them are
Ocwen Financial Corporation, Louisiana-Pacific Corporation, MGP Ingredients, Carriage Services and Bluegreen Vacations Holding Cor poration. Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. 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 it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed 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/1840482/5-stocks-with-recent-price-strength-to-enhance-your-returns 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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Contact: Jim Giaquinto
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