For Immediate Release
Chicago, IL – January 8, 2020 - Stocks in this week’s article are Cassava Sciences Inc. , The Rubicon Project Inc. (RUBI - Free Report) , Talos Energy Inc. (TALO - Free Report) , Teekay Tankers Ltd. (TNK - Free Report) and Karyopharm Therapeutics Inc. (KPTI - Free Report) .
5 Stocks with Recent Price Strength for Spectacular Returns
Wall Street had a dream run in 2019 wherein the benchmark S&P 500 and tech-heavy Nasdaq Composite Index recorded the highest gains since 2013 while the blue-chip Dow Index closed 2019 with its biggest yearly percentage gain since 2017.
However, the stock markets retreated on Jan 3 after the U.S. airstrikes in Iran that killed its military general Qasem Soleimani. However, Wall Street recovered the next trading day on Jan 6.
The Wall Street bull run is likely to continue in this year buoyed by an expected interim trade deal between the United States and China. A stable domestic economy is the biggest positive for U.S. stocks. Moreover, an accommodative Fed is likely to be a cushion for stock markets.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners currently and have the potential to gain further?
Sounds good? Here’s how to execute it:
One should primarily target stocks that have recently been on a bull run. Actually, 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 else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, you need to set other relevant parameters 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/706234/5-stocks-with-recent-price-strength-for-spectacular-returns
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