Zacks.com featured highlights: Two River Bancorp, Perceptron, Aegean Marine Petroleum Network, KB Financial Group and Triton International
For Immediate Release
Chicago, IL – April 07, 2017 - Stocks in this week’s article include Two River Bancorp (NASDAQ: TRCB – Free Report ), Perceptron, Inc. (NASDAQ: PRCP – Free Report ), Aegean Marine Petroleum Network Inc. (NYSE: ANW – Free Report ), KB Financial Group Inc. (NYSE: KB – Free Report ) and Triton International Limited (NYSE: TRTN – Free Report ).
Screen of the Week of Zacks Investment Research:
Stocks with Recent Price Strength for Extraordinary Returns
Investors always seek a winning strategy. However, finding such a strategy is easier said than done. When markets are choppy marked by widespread global growth concerns, it is difficult for even an insightful investor to come up with a foolproof approach.
No matter how disciplined and systematic investors are, equity market volatility will always manage to get the better of them. While a few lucky ones rake in the moolah, others fall victim to ad hoc strategies.
One could resort to commonly used techniques to find beaten down stocks that have the potential to recover faster than others. However, even such investment choices bear the risk of disappointment. Particularly, one could be stuck in a value trap if the hidden weaknesses in selected stock are not identified.
So, wouldn’t it be a safer strategy to look for stocks that are winners currently and have the potential to gain further?
Here’s how to execute it:
One should primarily look for stocks that have recently been witnessing price increase. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously moving higher, there must be a good reason for the rise or else it probably would have fallen like the losers. So, looking at stocks that have already won the game and are capable of beating the benchmark that they have set is rational.
However, recent price strength alone cannot create magic, so 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.
Screening Parameters:
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here .
Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock’s future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.
Here are five of the 15 stocks that made it through this screen:
Two River Bancorp (NASDAQ:TRCB – Free Report ) is a state-chartered commercial bank. It is engaged in the business of commercial and retail banking. The company surpassed the Zacks Consensus Estimate thrice while matched the same on one occasion in the trailing four quarters. It has an average positive earnings surprise of 22.75%.
Perceptron, Inc. (NASDAQ:PRCP – Free Report ) designs, manufactures and markets information-based process measurement and guidance solutions which help customers to improve performance. The company surpassed the Zacks Consensus Estimate thrice while missed the same on one occasion in the trailing four quarters. It has an average positive earnings surprise of 131.23%.
Aegean Marine Petroleum Network Inc. (NYSE:ANW – Free Report ) is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. The company surpassed the Zacks Consensus Estimate thrice while missed the same on one occasion in the trailing four quarters. It has an average positive earnings surprise of 12.34%.
KB Financial Group Inc. (NYSE:KB – Free Report ) is a commercial bank in Korea. On the asset side, the company provides credit and related financial services to individuals and small and medium sized enterprises and, to a lesser extent, to large corporate customers. On the deposit side, it provides a range of deposit products and related services to both individuals and enterprises of all sizes.
Triton International Limited (NYSE:TRTN – Free Report ) offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company's leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis.
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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.
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Two River Bancorp (TRCB): Free Stock Analysis Report
Perceptron, Inc. (PRCP): Free Stock Analysis Report
Aegean Marine Petroleum Network Inc. (ANW): Free Stock Analysis Report
KB Financial Group Inc (KB): Free Stock Analysis Report
Triton International Limited (TRTN): Free Stock Analysis Report
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