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5 Stocks with Recent Price Strength Amid Severe Volatility
U.S. stock markets have been witnessing severe volatility almost daily since mid-January. The anticipation of a tougher-than-expected stand by the Fed in March to combat soaring inflation has dented investors’ confidence significantly.
The consumer price index for January rose 7.5% year over year, leading a large section of economists and financial researchers to predict a 50 basis-point hike in the benchmark lending rate in March instead of the market’s expectation of a 25 basis-point hike.
Some investment bankers have also said that the central bank may raise the interest rate seven times this year with a magnitude of 25 basis points each time. Consequently, the yield on the benchmark 10-Year U.S. Treasury Note climbed more than 2%. The yield was 1.5% at the beginning of 2022.
The situation worsened after the White House warned on Feb 11 that Russia might enter the geographical territory of Ukraine soon. Any American still in Ukraine should leave “immediately,” the White House said.
On Feb 15, the Russian Ministry of Defense announced that some Russian military units had started returning to the barracks after completing the drills near the Ukraine border. However, on Feb 16, NATO told Russia that there was no evidence that its troops were moving back. Instead, NATO accused Russia of increasing the deployment of its forces near the Ukraine broader.
Despite economic and political conflicts several stocks have gained in the past four weeks. Notable among them are — Stonex Group Inc., Danaos Corp., Concentrix Corp., Allegheny Technologies Inc. and Build-A-Bear Workshop 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.
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 Stonex Group, Danaos, Concentrix, Allegheny Technologies and Build-A-Bear Workshop
For Immediate Release
Chicago, IL – February 22, 2022 – Stocks in this week’s article are Stonex Group Inc. (SNEX - Free Report) , Danaos Corp. (DAC - Free Report) , Concentrix Corp. (CNXC - Free Report) , Allegheny Technologies Inc. (ATI - Free Report) and Build-A-Bear Workshop Inc. (BBW - Free Report) .
5 Stocks with Recent Price Strength Amid Severe Volatility
U.S. stock markets have been witnessing severe volatility almost daily since mid-January. The anticipation of a tougher-than-expected stand by the Fed in March to combat soaring inflation has dented investors’ confidence significantly.
The consumer price index for January rose 7.5% year over year, leading a large section of economists and financial researchers to predict a 50 basis-point hike in the benchmark lending rate in March instead of the market’s expectation of a 25 basis-point hike.
Some investment bankers have also said that the central bank may raise the interest rate seven times this year with a magnitude of 25 basis points each time. Consequently, the yield on the benchmark 10-Year U.S. Treasury Note climbed more than 2%. The yield was 1.5% at the beginning of 2022.
The situation worsened after the White House warned on Feb 11 that Russia might enter the geographical territory of Ukraine soon. Any American still in Ukraine should leave “immediately,” the White House said.
On Feb 15, the Russian Ministry of Defense announced that some Russian military units had started returning to the barracks after completing the drills near the Ukraine border. However, on Feb 16, NATO told Russia that there was no evidence that its troops were moving back. Instead, NATO accused Russia of increasing the deployment of its forces near the Ukraine broader.
Despite economic and political conflicts several stocks have gained in the past four weeks. Notable among them are — Stonex Group Inc., Danaos Corp., Concentrix Corp., Allegheny Technologies Inc. and Build-A-Bear Workshop 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/1869714/5-stocks-with-recent-price-strength-amid-severe-volatility
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.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://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.