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Zacks.com featured highlights include: ConocoPhillips, Tyson Foods, Inc., AMN Healthcare Services, Inc., WESCO International, Inc. and Capri Holdings Ltd

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For Immediate Release

Chicago, IL – March 1, 2022 – Stocks in this week’s article are ConocoPhillips COP, Tyson Foods, Inc. TSN, AMN Healthcare Services, Inc. AMN, WESCO International, Inc. WCC and Capri Holdings Ltd. CPRI.

Use Relative Price Strength to Survive the Market Turmoil

Wall Street experienced increased volatility last week amid Russia’s launch of military operations in Ukraine. The uncertainty imposed by Kremlin’s aggression also saw the price of oil briefly rise above $100 a barrel on Thursday for the first time since 2014. While the conflict is ongoing, the S&P 500 recouped some of its losses on Friday on reports that Moscow is prepared to hold talks with Ukrainian leadership.

Nevertheless, the ratcheted-up geopolitical tensions have sent tremors through the stock market. As it is, with the central bank likely to raise the interest rate to combat soaring inflation, the market is set up for more future uncertainty.

For investors who might want to stay exposed to the market even during turmoil, it is time to focus on good investment opportunities. One of the ways such potential plays could be identified is to look for signs of relative price strength.

Relative Price Strength Strategy

Earnings growth and valuation multiples are indeed important for investors to determine a stock's ability to offer considerable returns. But these are also essential for determining whether a stock’s price performance is better than its peers or the industry average.

If a stock’s performance is lacking that of the broader groups, despite impressive earnings growth or valuation multiples, then something must be wrong.

It’s always advisable to stay away from these stocks and bet on those that are outperforming their respective industry or benchmark. This is because betting on a winner always proves to be lucrative.

Then again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 for 1 to 3 months at least and having solid fundamentals indicate room for growth and are the best ways to go about this strategy.

Finally, it is crucial to find out whether analysts are optimistic about the upcoming earnings of these companies. In order to do this, we have added positive estimate revisions for the current quarter’s (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price gains.

Here are five of the 25 stocks that made it through the screen:

ConocoPhillips: This Houston, TX-based firm is one of the world’s largest independent oil and gas producers. ConocoPhillips has a VGM Score of A.

For 2022, COP has a projected earnings growth rate of 62.1%. Valued at around $118.6 billion, ConocoPhillips shares have gained around 78.7% in a year.

Tyson Foods, Inc.: The company produces, distributes and markets chicken, beef, pork as well as prepared foods. Tyson Foods has a VGM Score of A. Over the past 30 days, Springdale, AR-based Tyson Foods saw the Zacks Consensus Estimate for fiscal 2022 move up 18.5%.

Tyson Foods beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 32.2%. Valued at around $34 billion, TSN has gained some 38.6% in a year.

AMN Healthcare Services, Inc.: AMN Healthcare is a leading provider of staffing and workforce management solutions in the medical field. The 2022 Zacks Consensus Estimate for this Dallas, TX-based firm indicates 15.2% year-over-year earnings per share growth. AMN has a VGM Score of B.

AMN Healthcare beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 20%, on average. AMN shares have rallied around 42.8% in a year.

WESCO International, Inc.: Founded in 1922 and headquartered in Pittsburgh, PA, WESCO International is one of the largest players in the highly fragmented distribution market for electrical construction products in North America. WCC has a VGM Score of A.

Notably, WESCO International beat the Zacks Consensus Estimate for earnings in each of the last four quarters. WCC has a trailing four-quarter earnings surprise of roughly 38.7%, on average. The company’s shares have increased around 44.1% in a year.

Capri Holdings Ltd.: Capri Holdings provides women’s and men’s accessories, footwear and ready-to-wear, as well as wearable technology, watches, jewelry, eyewear and a full line of fragrance products. The company’s expected EPS growth rate for three to five years is currently 30.9%, which compares favorably with the industry's growth rate of 21.3%. CPRI has a VGM Score of B.

Notably, Capri Holdings beat the Zacks Consensus Estimate for earnings in each of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 1,018.2%, on average. CPRI shares have gained around 42.9% in a year.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1874197/use-relative-price-strength-to-survive-the-market-turmoil

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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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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ConocoPhillips (COP) : Free Stock Analysis Report
 
WESCO International, Inc. (WCC) : Free Stock Analysis Report
 
Tyson Foods, Inc. (TSN) : Free Stock Analysis Report
 
AMN Healthcare Services Inc (AMN) : Free Stock Analysis Report
 
Capri Holdings Limited (CPRI) : Free Stock Analysis Report
 
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