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Zacks.com featured highlights include: Matson, Surface Oncology, Green Brick Partners, Merchants Bancorp and Herc Holdings

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Zacks Equity Research
·5 min read
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For Immediate Release

Chicago, IL – November 5, 2020 – Stocks in this week’s article are Matson, Inc. MATX, Surface Oncology, Inc. SURF, Green Brick Partners, Inc. GRBK, Merchants Bancorp MBIN and Herc Holdings Inc. HRI.

5 Stocks with Recent Price Strength Under Severe Volatility

After a five month-long astonishing rally, Wall Street suffered back-to-back monthly declines. All the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Compsite — tumbled 2.3%, 3.9% and 5.2%, respectively, in September and 4.6%, 2.8% and 2.3%, in October. This happened for the first time after March.

Fundamentals of the U.S. economy are stable in spite of the eight month-long coronavirus-induced devastations. In fact, the devastation is not as severe as was expected in March. Despite this, the downward trend in Wall Street may be due to the fact that economic data are historical facts while stock prices depend on market participants expectations about the future.

The resurgence of coronavirus in the United States and the second round of partial lockdowns imposed in a few major Eurozone economies significantly dented investors' sentiment regarding global economic recovery.

Moreover, a tighter-than-expected upcoming U.S. presidential election and the inability of the U.S. Congress to reach a deal on the size and the scope of a fresh fiscal stimulus dampened investors' sentiments. The outcome of the election in the White House as well as the House of Representatives and Senate will determine the possibility of a new dose of coronavirus-aid package.

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.

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/1096204/5-stocks-with-recent-price-strength-under-severe-volatility

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

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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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Matson, Inc. (MATX) : Free Stock Analysis Report
 
Herc Holdings Inc. (HRI) : Free Stock Analysis Report
 
Green Brick Partners, Inc. (GRBK) : Free Stock Analysis Report
 
Merchants Bancorp (MBIN) : Free Stock Analysis Report
 
Surface Oncology, Inc. (SURF) : Free Stock Analysis Report
 
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