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Zacks.com featured highlights include JSanderson Farms, Otter Tail, J&J Snack Foods and AMN Healthcare

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For Immediate Release

Chicago, IL – July 13, 2022 – Stocks in this week’s article are Sanderson Farms, Inc. , Otter Tail Corp. (OTTR - Free Report) , J&J Snack Foods Corp. (JJSF - Free Report) and AMN Healthcare Services, Inc. (AMN - Free Report) .

Buy These 4 Low-Beta Stocks to Sail Through a Volatile Market

Uncertainty prevails in the market, with investors waiting for fresh inflation data and corporate earnings. The market could be volatile as the data are likely to determine the path of interest rate hikes by the Federal Reserve. Market pundits are fearing potential recession as a strong job report is possibly encouraging the Fed to continue its aggressive increase in interest rate.

Hence, creating a portfolio of low-beta stocks is of utmost importance as the securities will deliver healthy returns and shield against volatile market conditions. In this regard, stocks like Sanderson Farms, Inc., Otter Tail Corp., J&J Snack Foods Corp., and AMN Healthcare Services, Inc. are worth betting on.

Beta Understanding

Beta measures the volatility or risk of a particular asset compared to the market. In other words, beta measures the extent of a security's price movement relative to the market. In this article, we are considering the S&P 500 as the market.

If a stock has a beta of 1, then the price of the stock will move with the market. So, the stock is more volatile than the market if its beta is more than 1. In the same way, the stock is not as volatile as the market if its beta is less than 1.

For example, if the market offers a return of 20%, a stock with a beta of 3 will return 60%, which is overwhelming. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating.

Here are four stocks among 16 that qualified the screening:

Sanderson Farms secures stable cashflows from producing, processing and distributing fresh, frozen and minimally prepared chicken. Backed by higher average selling prices, Sanderson Farms is experiencing increased margins. For fiscal 2022, Sanderson Farms has witnessed increased earnings estimate revisions over the past 30 days.

Otter Tail Corp. is a leading player in electric utility and manufacturing businesses. For 2022 and 2023, Otter Tail has witnessed upward earnings estimate revisions over the past 60 days. In order to secure more stable cashflows, Otter Tail is planning to invest in rate base growth opportunities.

J&J Snack Foods is a well-known name in the snack food industry. J&J Snack has won new customers and launched products, with quarterly net sales exceeding the pre-covid mark. 

AMN Healthcare Services, a leader in total talent solutions for healthcare organizations, recently pleased shareholders with the announcement of a $250 million share repurchase program. The portfolio of AMN Healthcare's diversified solutions is in great demand as healthcare organizations are still facing a massive shortage of labor. In the past 60 days, AMN Healthcare has witnessed upward earnings estimate revisions for 2022 earnings.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1950899/buy-these-4-low-beta-stocks-to-sail-through-a-volatile-market

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.


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AMN Healthcare Services Inc (AMN) - free report >>

Otter Tail Corporation (OTTR) - free report >>

J & J Snack Foods Corp. (JJSF) - free report >>