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Zacks.com featured highlights include: Apollo Medical, Atento, Grindrod Shipping, Nike and NVIDIA

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·5 min read
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For Immediate Release

Chicago, IL – July 7, 2021 – Stocks in this week’s article are Apollo Medical Holdings, Inc. AMEH, Atento S.A. ATTO, Grindrod Shipping Holdings Ltd. GRIN, NIKE, Inc. NKE and NVIDIA Corporation NVDA.

5 Stocks with Recent Price Strength Following a Strong 1st Half 2021

Wall Street completed an impressive first half of 2021 after a stellar run in 2020 despite the pandemic. The three major stock indexes — the Dow, the S&P and the Nasdaq Composite — rallied 12.7%, 14.4% and 12.5%, respectively, in first-half 2021. The mid-cap specific S&P 400 climbed 16.9% in the same period. Meanwhile, the two small-cap centric indexes — the Russell 2000 and the S&P 600 — jumped 17% and 22.9%, respectively.

Nationwide COVID-19 vaccinations, a sharp decline in new coronavirus cases, a faster-than-expected reopening of the economy, an unprecedented fiscal stimulus, Fed's ongoing easy-money policy and the Fed Chairman's reiteration that the inflation is transitory despite raising the inflation forecast for 2021, significantly bolstered market participants' confidence in risky assets like equities.

The Congressional Budget Office (CBO) has raised its outlook for U.S. GDP growth rate in 2021 to 7.4%, marking a significant jump from the 4.6% forecast on Feb 1. Thereafter, GDP is expected grow around 2.8% per annum through 2025.

The core PCE price index — Fed's favorite gauge for inflation — will rise to 2.8% in 2021 compared with the Fed's estimate of 3.1%. The CBO said that the unemployment rate will fall to 4% in 2022. Notably, on Jun 16, the Fed raised the GDP growth rate for 2021 to 7% from 6.5% in March. The Fed reaffirmed that the unemployment rate will come down to 4.5% at the end of 2021.

U.S. stock markets are set to continue their strong performance on the back of solid consumer and business confidence, solid improvement in GDP growth, and corporate profits.

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 freshly 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.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1757476/5-stocks-with-recent-price-strength-following-a-strong-1h

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

Zacks.com 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

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com                                                                                

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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NIKE, Inc. (NKE) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
Atento S.A. (ATTO) : Free Stock Analysis Report
 
Apollo Medical Holdings, Inc. (AMEH) : Free Stock Analysis Report
 
Grindrod Shipping Holdings Ltd. (GRIN) : Free Stock Analysis Report
 
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