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Zacks.com featured highlights include: Photronics Inc., Clearfield Inc., Bridge Investment Group Holdings Inc., Vista Outdoor Inc. and Axcelis Technologies Inc

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For Immediate Release

Chicago, IL – January 5, 2022 – Stocks in this week’s article are Photronics Inc. (PLAB - Free Report) , Clearfield Inc. (CLFD - Free Report) , Bridge Investment Group Holdings Inc. (BRDG - Free Report) , Vista Outdoor Inc. (VSTO - Free Report) and Axcelis Technologies Inc. (ACLS - Free Report) .

5 Stocks with Recent Price Strength to Enhance Your Portfolio

Wall Street’s bull run continued in December despite the Fed’s decision to speed up the tapering of the quantitative easing program and the central bank’s indication of a possible interest rate hike in the first half of 2022.

Global financial markets have been suffering from severe volatility since Black Friday of 2021, following the emergence of the new coronavirus variant — Omicron — in South Africa. However, gradually, it has become clearer to medical scientists and doctors that Omicron is much less severe than the previous coronavirus variants like Alpha, Delta and Delta+.

By the end of 2021, most countries reported that Omicron is quickly replacing Delta as the dominant coronavirus variant meaning both hospitalization and casualties will reduce to a great extent. Several major pharmaceutical and biotech firms have stated that the pandemic will eventually reduce to an endemic like flu virus by 2023. Consequently, the confidence of market participants has strengthened significantly.

Several stocks have gained in the past four weeks. Notable among them are Photronics Inc., Clearfield Inc., Bridge Investment Group Holdings Inc., Vista Outdoor Inc. and Axcelis Technologies Inc.

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.

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/1846936/5-stocks-with-recent-price-strength-to-enhance-portfolio

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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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/performancefor information about the performance numbers displayed in this press release.