For Immediate Release
Chicago, IL – February 27, 2019– Stocks in this week’s article include First Majestic Silver Corp. AG, Incyte Corp. INCY, Covanta Holding Corp. CVA and U.S. Silica Holdings, Inc. SLCA. Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
4 Toxic Stocks to Discard or Sell Short for Profit
Accurate identification of correctly-priced stocks is the key to successful investing. However, in practice, overpriced toxic stocks and the rightly-priced stocks are intermixed in such a manner that it is tough to distinguish between the two.
Generally overhyped toxic stocks are susceptible to external shocks. Moreover, these stocks are burdened with a large amount of debt. The price of these stocks is artificially inflated. Nonetheless, the higher price of toxic stocks is only temporary in nature as it is higher than its true intrinsic value.
Investors are likely to benefit from correct identification of toxic stocks with the help of an investing strategy called short selling. This strategy allows investors to sell a stock first and then buy it when price falls.
While short selling excels in bear markets, it typically loses money in bull markets.
So, precisely identifying toxic stocks and abandoning or short selling those at the right time is the key to protect your portfolio from big losses.
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/356949/4-toxic-stocks-to-discard-or-sell-short-for-solid-gains
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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Incyte Corporation (INCY) : Free Stock Analysis Report
U.S. Silica Holdings, Inc. (SLCA) : Free Stock Analysis Report
First Majestic Silver Corp. (AG) : Free Stock Analysis Report
Covanta Holding Corporation (CVA) : Free Stock Analysis Report
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