For Immediate Release
Chicago, IL – June 30, 2020 – Stocks in this week’s article are eXp World Holdings Inc. (EXPI - Free Report) , Lakeland Industries Inc. (LAKE - Free Report) , Meridian Bioscience Inc. (VIVO - Free Report) , Kiniksa Pharmaceuticals Ltd. (KNSA - Free Report) and iClick Interactive Asia Group Ltd. (ICLK - Free Report) .
5 Stocks with Recent Price Strength Amid Spike in Coronavirus
Volatility returned to U.S. stock markets in June after back-to-back spectacular performances in April and May. As many as 24 states have witnessed a spike in new cases of COVID-19 once the economy starts reopening from the last week of May.
Consequently, a large section of economists and financial experts, who were expecting a V-shaped recovery of the U.S. economy just a couple of week ago, are now skeptical. Wall Street has been facing severe fluctuations and choppy trading almost regularly this month.
Despite the resurgence of the deadly coronavorus in many states, it is unlikely that a second round of lockdown will be imposed. Better-than-expected economic data, despite the fact that the aggregate economy is still way below its pre-lockdown level of activities, have shown fundamental stability.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners 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/994316/5-stocks-with-recent-price-strength-amid-spike-in-coronavirus
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