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Zacks Value Trader Highlights: Encore Wire, Signet Jewelers and HIVE Blockchain Technologies

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For Immediate Release

Chicago, IL – August 5, 2022 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (

Learn the Basics of Value Stock Screening

Welcome to Episode #292 of the Value Investor Podcast.

  • (0:30) - How Do You Find Good Value Stocks?
  • (5:50)  - The Metrics For The Perfect Screener
  • (14:20) - Tracey’s Top Stock Picks
  • (27:30) - Episode Roundup: WIRE, SIG, HIVE

Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.

It’s time to return to the basics.

How do you find value stocks? Where do you look? If you’re going to “screen” for them, where do you find the screens?

Zacks Free Basic Stock Screens

On, under the Screening Tab on the home page, you can find 9 free predefined stock screens.

These are “basic” screens that include value, growth, income, small caps and low beta stocks. Tracey ran the two free value stock screens but they gave her over 100 stocks in total.

Desperate to trim the number, she created her own free value screen on using the Stock Screener tool, looking for Zacks Rank #1 (Strong Buy) stocks with a forward P/E under 5.

There are only 246 Zacks Strong Buy stocks, the highest of the Zacks Ranks.

That screen still returned 33 stocks.

3 Dirt-Cheap #1 Ranked Stocks

1.       Encore Wire Corp. (WIRE - Free Report)

Encore Wire is a manufacturer of copper and aluminum for residential, commercial and industrial wire needs. It has no long-term debt and had cash on hand of $469.5 million at the end of last quarter.

Encore Wire shares are down 15% year-to-date but are up 56% over the last year. Earnings are expected to rise 2.4% this year to $26.86.

It’s cheap, with a forward P/E of just 4.5. Encore Wire has a small dividend and is also doing a share repurchase program.

Should Encore Wire be on your short list?

2.       Signet Jewelers (SIG - Free Report)

Signet Jewelers operates over 2800 jewelry store locations in the United States, UK and Canada, under the brands Kay, Zales and Jared, among others.

Shares of Signet Jewelers have fallen 27% year-to-date but are off the summer lows.

Earnings are expected to be up this year, climbing by just 1.5%.

Signet Jewelers is cheap with a forward P/E of just 4.9 and a PEG ratio of 0.6. A PEG ratio under 1.0 usually indicates both growth and value.

With fears of a recession still front and center, should investors be taking a chance on Signet Jewelers anyway?

3.       HIVE Blockchain Technologies (HIVE - Free Report)

HIVE Blockchain Technologies is a cryptocurrency miner which owns green energy powered data center facilities in Canada, Sweden and Iceland.

In July, HIVE Blockchain Technologies announced it had record annual revenue for the year ended Mar 31, 2022. Revenue was $211 million with earnings of $79 million, or $0.90 per share.

But shares of HIVE Blockchain Technologies have fallen 62% year-to-date even while it’s reporting record revenue.

It’s extremely cheap, with a forward P/E of just 1.4 and analysts are bullish on fiscal 2023, with earnings expected to rise 283%.

Should value investors take a chance on small cap HIVE Blockchain Technologies or is the P/E telling you to be cautious?

What Else Do You Need to Know About Basic Value Screening?

Tune into this week’s podcast to find out.

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Tracey Ryniec is the Value Stock Strategist for She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.

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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 information about the performance numbers displayed in this press release.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Signet Jewelers Limited (SIG) - free report >>

Encore Wire Corporation (WIRE) - free report >>

HIVE Blockchain Technologies Ltd. (HIVE) - free report >>

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