- Oops!Something went wrong.Please try again later.
- Oops!Something went wrong.Please try again later.
For Immediate Release
Chicago, IL – December 22, 2020 - Stocks in this week’s article are Monarch Casino & Resort Inc. MCRI, Fiat Chrysler Automobiles N.V. FCAU, Piper Sandler Companies PIPR, EnPro Industries Inc. NPO and InMode Ltd. INMD.
5 Stocks with Recent Price Strength as Index Stay Near Record Highs
U.S. stocks are firing on all cylinders with the major stock indexes hitting new highs on Dec 17. Wall Street bulls, which regained momentum in November after two months of market turmoil, strengthened in December.
Moreover, on Dec 20, the U.S. Congress has finally reached an agreement to approve $900 billion of a fresh coronavirs-aid package. Notably, the first round of around $2 trillion fiscal stimulus injected by the Trump administration in March, terminated in July. Several economic data showed that lack of a new fiscal stimulus has slowed the pace of U.S. economic recovery to some extent in the last four months.
Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have rallied 5.8%, 14.8% and 42.2%, respectively. By any means, this is an impressive performance considering the global outbreak of the pandemic and coronavirus-led economic devastations.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1191182/5-stocks-with-recent-price-strength-as-indexes-hit-record-high
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 >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performancefor information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EnPro Industries (NPO) : Free Stock Analysis Report
Monarch Casino & Resort, Inc. (MCRI) : Free Stock Analysis Report
Fiat Chrysler Automobiles N.V. (FCAU) : Free Stock Analysis Report
InMode Ltd. (INMD) : Free Stock Analysis Report
Piper Sandler Companies (PIPR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research