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Image: Bigstock featured highlights Live Nation Entertainment, Fastenal, BigCommerce, Telefonica Brasil and Renesola

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For Immediate Release

Chicago, IL – January 30, 2023 – Stocks in this week’s article are Live Nation Entertainment (LYV - Free Report) , Fastenal (FAST - Free Report) , BigCommerce (BIGC - Free Report) , Telefonica Brasil (VIV - Free Report) and Renesola (SOL - Free Report) .

Forget Bargain Hunting: Buy 5 Stocks with Rising P/E

Bargain hunting or chasing stocks with a low price-to-earnings (P/E) ratio is among the widely-used investing strategies. Investors believe that the lower the P/E, the higher will be the value of the stock.The logic is simple — a stock’s current market price does not justify its higher earnings and therefore leaves room for upside.

But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of Live Nation Entertainment, Fastenal, BigCommerce, Telefonica Brasil and Renesola.

Rising P/E: An Useful Tool

The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings.

Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects the earnings of the company to rise at a faster pace in the future, owing to strong fundamentals.

So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it.

Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.

Here are five out of the 46 stocks:

Live Nation Entertainment: The Zacks Rank #2 company provides live entertainment. It operates through Concerts, Ticketing, and Sponsorship and Advertising segments. You can see the complete list of today’s Zacks #1 Rank stocks here.

The average earnings surprise of LYV for the past four quarters is 9.72%.

Fastenal: Fastenal Company is a national wholesale distributor of industrial and construction supplies. The company distributes its products through more than 3,200 company-owned stores mostly located in North America. FAST has a Zacks Rank #2.

The average earnings surprise of FAST for the past four quarters is 3.34%.

BigCommerce: This Zacks Rank #2 company provides software-as-a-service ecommerce platform.

The average earnings surprise of BIGC of the past four quarters is 4.66%.

Telefonica Brasil: Telefonica Brasil SA is engaged in providing communication, information and entertainment solutions in the telecommunication sector, in the State of Sao Paulo. The company has a Zacks Rank #2.

The average earnings surprise of VIV for the past four quarters is 27.71%.

Renesola: The Zacks Rank #2 company is into the production and sale of solar wafers. Starting 2012, the company expanded its operations into global energy-efficient products and services business and downstream solar power projects in overseas markets.

The average earnings surprise of SOL for the past four quarters is 70.84%.

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.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit at:

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 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

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Contact: Jim Giaquinto


Phone: 312-265-9268


Visit: 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. 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  for information about the performance numbers displayed in this press release.

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